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Axis Bank Launches E-Wallet Card; Why Only Address Fear?

Axis Bank, has announced the launch of the ‘e-Wallet Card’, an online payments solution, which can used for making payments on sites that accept Visa cards, with a minimum limit of Rs 10, and a maximum limit of Rs 50,000, and a validity of 48 hours. Customers would need to log on to the Bank's Internet Banking portal, select the e-Wallet Card option under the Cards menu, select the source account from which the funds would be debited. Each card can be used only once, which the Bank claims ensures the safety of the user’s account. Post the 48 hour deadline, the unused amount will be credited back to the bank. (Nikhil adds) What They Need To Change This is essentially a short term debit card generated by the bank for online transactions, that is pitching to customers a safer transaction option, with a short…

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