India, May 15 -- India's central bank is scrutinising some digital wallets associated with electric-vehicle players after the sudden collapse of the country's largest all-EV taxi service, BluSmart, left users unable to access money tied to their accounts, people familiar with the matter said. The events triggered by fraud allegations against the company highlighted the lack of safeguards for users who load money into what's known as closed-loop wallets to transact on apps, including EV-related services like booking rides or using a charging station.P19
Published by HT Digital Content Services with permission from Hindustan Times....