March 26, 2025 11:02 pm (IST)
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'Entity of concern': India lambasts US religious freedom body over demand to sanction RAW | 'It was Mrityunjay Mahakumbh': Yogi Adityanath slams Mamata Banerjee's 'Mrityu Kumbh' remark | Bhupesh Baghel raided by CBI in Mahadev betting app case | Muslims are safe only when Hindus are safe: Yogi Adityanath | Rohtak man buries tenant alive in a pit after discovering latter's affair with his wife, body found after 3 months | 'They think it is their birthright to use freedom to tear the country': Yogi Aditnath slams Kunal Kamra | Allahabad HC Bar Association on indefinite strike opposing SC Collegium's transfer of 'cash pile' accused Justice Yashwant Varma | Unwarranted: India on Pakistan's Jammu and Kashmir remark at UN | Abusing people and our culture in the name of comedy: Kangana Ranaut slams Kunal Kamra | Every action has a reaction: Eknath Shinde on vandalism at Mumbai's Habitat Studio over Kunal Kamra joke
RBI enables UPI transactions for full-KYC PPI users via third-party apps

RBI enables UPI transactions for full-KYC PPI users via third-party apps

Dec 27, 2024, at 11:23 pm

New Delhi: The Reserve Bank of India (RBI) announced on Friday that users of prepaid payment instruments (PPIs) can now conduct Unified Payments Interface (UPI) transactions through third-party mobile applications, provided their PPIs are full-KYC-compliant.

Non-banks can't load credit lines into prepaid credit instruments, RBI tells fintechs: Report

Non-banks can't load credit lines into prepaid credit instruments, RBI tells fintechs: Report

Jun 21, 2022, at 04:36 am

The Reserve Bank of India (RBI) on Monday issued a clarification on Prepaid Payment Instruments (PPIs) such as wallets and prepaid cards, stating that they cannot offer credit lines through these instruments, media reports said.

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