About EnKash Wallet#
EnKash, an RBI-authorized non-banking Prepaid Payment Instrument (PPI) issuer, offers a secure, scalable wallet service through its partner ecosystem. This service enables businesses, fintechs, and developers to embed semi-closed PPI wallets into their platforms, delivering seamless digital payment experiences for end-users.The EnKash Wallet Service complies with the RBI Master Directions on PPIs (2021) and supports:Wallet creation (small & full-KYC)
Loading & reloading via multiple channels
UPI integration for P2P/P2M payments
IMPS-based bank transfers
Key Features#
Wallet Creation Purpose
Create digital wallets for end-users to store and use funds.Limit: ₹10,000 monthly balance
Minimum KYC (OTP-based mobile verification)
Ideal for low-value transactions
Limit: ₹2,00,000 monthly balance
Full KYC via Aadhaar, PAN, video/selfie
Supports UPI, IMPS, and higher limits
Users register via partner platform (using mobile number).
Complete minimum or full KYC as required.
Receive unique wallet ID linked to mobile number & partner platform.
Minimum one year from last load/reload.
Post-expiry: 10% monthly balance reduction until fully depleted.
Wallet Loading & ReloadingBank Transfers (NEFT/RTGS/IMPS)
UPI (full-KYC wallets only)
Cash (small PPI wallets at authorized outlets, as per RBI norms)
Small PPI: ₹10,000 monthly
Full-KYC PPI: ₹2,00,000 monthly
PCI DSS-compliant payment gateways & end-to-end encryption.
User initiates load/reload via app or web.
Funds credited instantly post successful payment verification.
UPI SupportAvailable for: Full-KYC wallets only.
Generate unique VPA (e.g. user@enkash) for each wallet.
Make/receive payments via UPI apps (Google Pay, PhonePe, Paytm etc.).
QR code-based merchant payments.
Standard: ₹1,00,000 per transaction.
Enhanced: ₹2,00,000 for specific segments (collections, insurance) per NPCI rules.
Fully compliant with RBI’s PPI interoperability mandates, allowing payments across all UPI platforms
IMPS Bank TransfersEnable instant transfers from full-KYC wallets to bank accounts.
Available 24x7, including holidays.
Transfer using account + IFSC or IMPS-registered mobile number.
Real-time credit to beneficiary account.
Governed by full-KYC wallet cap (₹2,00,000/month) and bank-specific IMPS rules.
UPI PIN or equivalent 2FA, with encrypted processing.
Additional FeaturesReal-time transaction history and balances via partner dashboard or APIs.
Pay at EnKash-contracted merchants for goods/services or bill payments.
Employee expense management
Rewards & incentives programs
PCI DSS compliance, tokenization, real-time fraud detection
Instant wallet freeze/block via API or support
Partner Benefits#
Superior User Experience:
Seamlessly integrate digital wallets with UPI & IMPS
Revenue Opportunities:
Earn on transactions
Scalable & Customizable:
From startups to large enterprises
Compliance Simplified:
EnKash handles end-to-end RBI compliance
Enable Financial Inclusion:
Reach unbanked & underbanked users via small PPI wallets
Integration Options#
Option | Use Case |
---|
API Integration | Full custom control for websites & apps. |
SDKs | Quick mobile integrations (Android, iOS, Node.js, Python, Java). |
Payment Gateway | Easy wallet loads or merchant collections, minimal code. |
QR Codes | Fast setup for UPI payments in-store or online. |
Modified at 2025-07-08 17:48:29