With already so many online payment service providers in business in India, Swiggy will need a decent business strategy to garner an audience that uses its online wallet that it has named Swiggy Money.
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As a wallet, Swiggy money, as of now, will only work as a usual digital wallet to store money and pay for transactions on the platform. Anyone using the wallet, which is an RBI-compliant Prepaid Payment Instrument (PPI), can make transactions up to Rs. 10,00 (with minimum KYC) and up to Rs. 1,00,000 with a full KYC.
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