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Mukesh Sharma

Onlone Wallet system

Hello all
I am going to start online service business. I have required online wallet for such services. Please provide me information and legal requirements for it & and suggest me which mode off wallet will be for suitable for low budget business.
Regards
Mukesh Sharma more  

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Satish Raheja (Expert)
Online Service Business by any one of the existing four modes of wallet is nothing new. Though different people use different mode/s for their start up function, it may or may not be suitable to you as you know better than anybody else about the type of Business you intend to start, what will be the total outlay, what will be the quantum & frequency of sale/purchase, how many intermediary persons will be involved, the point of storage of stock, the point of supply of the items & so many other questions. As you are the most important person for above mentioned questions you can definitely give a good thought before starting the online business. Though risk involved cannot be ruled out but proper vigilance & active mind can take care of all the hiccups. Government restrictions & guidelines given should not be forgotten before starting the online business in a haste. more  
Prabha Rao (Architect)
Please contact a professional who can help. more  
Vivek Sharma
you are frm lucknow,pls sms ur no i will contact u more  
Sandeep B (Software Developer, IT Consultant)
To Start business of Online Wallet System where people keep there money in that account you need permission from RBI to hold money. Again its depends on which type of wallet it is - Closed Wallet, Semi-Closed Wallet or Open Wallet http://www.nextbigwhat.com/mobile-wallets-india-297/ https://rbi.org.in/scripts/NotificationUser.aspx?Id=8993&Mode=0 more  
Hiten Shah
You should be sharing all your details at the outset in order to be assisted effectively and efficiently. Start up of a business varies not only from business to business, idea to idea, but also location to location. The local rules, laws, working conditions would have to be taken into consideration before anything else. Please share all this and you will be able to proceed further and also get effective guidance. more  
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