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India’s New Person-to-Person Payment System

Wallet365_logo_1Although PayPal has made huge inroads around the world with more than half its accounts outside the United States, there is still room for country-specific, person-to-person payment solutions. One new entrant, Wallet365 in India <wallet365.in>, is a service from Timesofmoney, a division of The Times Group, India's largest media and entertainment company.

Wallet365_homeWhile we aren't able to test the service directly, it looks well thought out. We are impressed that it displays its bank affiliation, with India's Yes Bank <yesbank.in> directly on the home page (see lower-right corner on screenshot).

–JB