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PPI CARDS
PhonePe wallet inactivity fees do not affect bank accounts or UPI transactionsPhonePe clarifies inactivity fees apply solely to its prepaid wallet, not linked bank accounts or UPI transactions. Users receiving notific...- For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
- RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...
- US stocks today: Chip stocks lift Nasdaq, S&P to record closing highs; hot inflation kills rate-cut hopesUS stocks advanced with the S&P 500 and Nasdaq hitting record closing highs as AI-linked tech and chip stocks powered gains despite hotter ...
- Paytm shares crash 8% as RBI cancels Paytm Payments Bank's banking license. What lies ahead?Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to ...
- RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upsideThe RBI has cancelled Paytm Payments Bank's license due to regulatory non-compliance, citing detrimental operations and prejudiced manageme...
- RBI overhauls prepaid cards & wallets rules: Rs 2 lakh monthly debit limit, usage, restrictions, new safeguard and moreThe RBI has revised Prepaid Payment Instrument (PPI) rules, introducing new monthly debit limits for full-KYC PPIs at Rs 2,00,000, with a R...
- RBI proposes measures to strengthen Prepaid Payment Instruments frameworkThe Reserve Bank of India is introducing new rules for Prepaid Payment Instruments. These changes aim to boost the long-term growth of thes...
- No two-factor authentication needed for payment up to Rs 15,000 through e-mandate; higher recurring limit for these transactionsThe Reserve Bank of India introduces a new e-mandate framework for digital payments effective 2026. As per new rules, all recurring transac...
- Sebi simplifies gifting of mutual funds. Here's what it means for investorsSebi has proposed a new Gift PPI framework that will allow investors to gift prepaid instruments that can be used exclusively to buy mutual...
- Sebi mulls allowing gift cards, prepaid instruments to invest in mutual fundsMarkets regulator Sebi on Tuesday proposed introducing gift cards or gift prepaid payment instruments (PPIs) for investments in mutual fund...
- Prepaid cards carving out their own niche in the new age of UPIAccording to data released by the Reserve Bank of India, the number of PPI cards rose 10.7% to 483 million as on June 30, 2025 from 436 mil...
- Card fintech company Slice receives prepaid pay licence from RBIFintech platform Slice to open minimum KYC PPI accounts for teens as it looks to widen its user base, say sources. The licence is also in l...
- Bank-led PPI issuers onboarding only full KYC users post RBI rapIn the absence of clarity on the applicability of these rules announced earlier this month, fintechs are engaging with partner banks and no...
- JusPay launches software to make digital wallets mutually compatibleThe Reserve Bank of India (RBI) said in May 2021 that all prepaid cards and wallets that are full-KYC compliant must be fully interoperable...
- You can make digital transactions but cannot transfer money using RBI's newly launched PPIUnlike the PPIs that are available now, the new instrument can only be used for making retail payments. You cannot use it to transfer funds...
- RBI releases norms for facilitating money transfer among e-walletsThe guidelines elaborate on requirements for achieving inter-operability for mobile wallets and cards, and norms for customer protection an...
- Digital transactions volume "leapfrogged" by 3 years post-November 16Even after seven months post-demonetisation, the transaction value is quite large and approximately double of what it had been correspondin...
- RBI allows mass transit operators to issue their pre-paid cardsMass Transit System operators such as Mumbai Metro, Delhi Metro, Indian Railways and even local buses can now issue their pre-paid cards.
- RBI proposes to allow mass transit operators like Mumbai Metro, Delhi Metro to issue pre-paid cardThe Reserve Bank of India (RBI) has proposed to allow mass transit system operators (MTS) like Mumbai Metro or Delhi Metro to issue their o...
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