Why is zomato asking for pan number to open zomato wallet?

[wapenshaw]

Will this be a loan/cc account or is it safe? I don't remember swiggy wallet asking for PAN nor paytm or am I miss remembering something? I had to kyc for apay balance for large amounts but that's what I chose. Didn't have to give pan for apay balance

 

[Zacobite]

Will this be a loan/cc account or is it safe? I don't remember swiggy wallet asking for PAN nor paytm or am I miss remembering something? I had to kyc for apay balance for large amounts but that's what I chose. Didn't have to give pan for apay balance

any wallet will ask for KYC now..

 

[SSV]

Will this be a loan/cc account or is it safe? I don't remember swiggy wallet asking for PAN nor paytm or am I miss remembering something? I had to kyc for apay balance for large amounts but that's what I chose. Didn't have to give pan for apay balance

Why do you want to open Zomato wallet anyway?

 

[wapenshaw]

any wallet will ask for KYC now..

Oh. Will this be like a pay later thing or just wallet? Wanted to co firm

 

[Zacobite]

Oh. Will this be like a pay later thing or just wallet? Wanted to co firm

anything will need kyc.

 

[SSV]

anything will need kyc.

any wallet will ask for KYC now..

No, it depends on wallet type..
If the wallet is topped up by Gift Vouchers , no need of KYC..
They are called closed PPI, meaning these wallet balances can only be used for that app purchases only.
Example: Swiggy Money..
Swiggy Money is a closed PPI and can only be used for Swiggy purchases…

 

[wapenshaw]

No, it depends on wallet type..
If the wallet is topped up by Gift Vouchers , no need of KYC..
They are called closed PPI, meaning these wallet balances can only be used for that app purchases only.
Example: Swiggy Money..
Swiggy Money is a closed PPI and can only be used for Swiggy purchases…

Hmm will this report in CIBIL as a credit line?

 

[BeingIncog]

Hmm will this report in CIBIL as a credit line?

simple answer : NO.
complex answer: do your own research about credit line on ppi...

 

[SSV]

Hmm will this report in CIBIL as a credit line?

No, nothing like that.
It's a PPI, ( pre paid instrument) , you have to load this first before using it

 

[SSV]

Hmm will this report in CIBIL as a credit line?

You haven't answered my question yet.
Why do you need this?

 

[wapenshaw]

No, nothing like that.
It's a PPI, ( pre paid instrument) , you have to load this first before using it

Ok Thank you. Wanted to redeem gift card, thought I had to redeem to wallet but there is a separate gift card and zomato credits sections, so I don't need this

 

[SSV]

Ok Thank you. Wanted to redeem gift card, thought I had to redeem to wallet but there is a separate gift card and zomato credits sections, so I don't need this

Good boy, now you are on the right track..

 

[Zacobite]

No, it depends on wallet type..
If the wallet is topped up by Gift Vouchers , no need of KYC..
They are called closed PPI, meaning these wallet balances can only be used for that app purchases only.
Example: Swiggy Money..
Swiggy Money is a closed PPI and can only be used for Swiggy purchases…

yes.. but if u get a swiggy voucher for 500 rs its asks for kyc.. i have experienced it... GV pieces are not really the wallets i was referring to... agree with you

 

[SSV]

yes.. but if u get a swiggy voucher for 500 rs its asks for kyc.. i have experienced it...

 

[Zacobite]

like i said.. i have experienced it myself earlier..

 

[Zacobite]

like i said.. i have experienced it myself earlier..

infact we bought swiggy vouchers for our employees and faced huge backlash when they asked for PAN.. we had to swap for other vouchers.. they may have chgd the rules now