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...
23 Apr, 2026, 02.42 PM IST
RBI sharpens compliance norms, expands use cases of UPI-linked wallets for foreign visitors under draft PPI normsThe Reserve Bank of India has unveiled draft guidelines for prepaid payment instruments. These new rules aim to strengthen compliance and c...
22 Apr, 2026, 10.12 PM IST
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...
22 Apr, 2026, 07.41 PM IST
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...
22 Apr, 2026, 04.09 PM IST
China's factories jolt back to inflation on Iran war price shockChina’s factory-gate inflation turned positive in March for the first time in over three years, with the producer price index rising 0.5% y...
10 Apr, 2026, 09.36 AM IST
Sebi’s new proposal enables mutual fund gifting through PPIsMutual fund investments can soon be gifted using prepaid payment instruments (PPIs), with Sebi proposing a new framework. Individuals can p...
25 Mar, 2026, 05.29 AM IST
India’s GDP data robust, new series in FebruaryOfficials said extensive data inputs with around 700 granular indicators are used for the quarterly estimates.
01 Dec, 2025, 10.04 PM IST
ISG gets RBI nod to operate as payment aggregatorIn-Solutions Global (ISG), backed by JP-Morgan, has received full payment aggregator authorisation from the Reserve Bank of India. This all...
13 Dec, 2024, 02.41 PM IST
Purpose specific prepaid e-RUPI vouchers can now be issued for individuals by PPIse-RUPI is basically a digital voucher which a beneficiary gets on his phone in the form of an SMS or QR code. It is a pre-paid voucher, whi...
09 Jun, 2023, 12.33 PM IST
Payments Council seeks government help post RBI’s fintech orderThe council - under the Internet and Mobile Association of India (IAMAI) - said wallets that comply fully with know your customer (KYC) nor...
27 Jun, 2022, 07.52 AM IST
Gentle watch over prepaid instrumentsRBI's concern over new-age companies assuming a lender's role without building sufficient safeguards is not entirely misplaced. An unsecure...
23 Jun, 2022, 11.23 PM IST
RBI to allow inter-operability in prepaid payment instrumentsThe RBI said revised framework will pay the way for inter-operability into usage of PPIs, as per the vision for Payment and Settlement Syst...
04 Oct, 2017, 08.50 PM IST
Government releases draft rules for m-wallets, smart cardsThe companies will also have to establish a mechanism for monitoring, handling and follow-up of cyber incidents and breaches.
09 Mar, 2017, 09.38 PM IST
Timeline to add Rs 20,000 to e-wallets extendedOn November 22, RBI doubled the balance that can be kept in e-wallets and cards to Rs 20,000.
31 Dec, 2016, 12.33 AM IST
RBI extends timeline to load Rs 20,000 in mobile walletsOn November 22 the Reserve Bank had doubled the balance that can be kept in prepaid wallets and cards to Rs 20,000.
30 Dec, 2016, 10.04 PM IST
RBI calls for strengthening of business correspondent modelReserve Bank of India has called for the strengthening of the business correspondent model to improve quality delivery of financial service...
06 Apr, 2016, 04.33 AM IST
- India to get another index to record price movement
India will have another gauge of price changes, the producer price index (PPI), completing the bouquet of indices needed for a holistic pic...
30 Dec, 2010, 06.02 AM IST