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PPI TRANSACTION SECURITY
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- World finance chiefs head to IMF with a sense of déjà vuGlobal economic policymakers convene amid concerns over President Trump's actions impacting Middle East growth. The IMF warns of reduced ca...12 Apr, 2026, 07.41 PM IST
- RBI fines Pine Labs Rs 3.1 lakh for KYC lapses on prepaid payment instrumentsThe move follows a statutory inspection of the fintech’s operations conducted between July 2024 and May 2025. The RBI clarified that the ac...27 Mar, 2026, 08.58 PM IST
- 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...24 Mar, 2026, 04.42 PM IST
- Mobile wallets make a big comeback as numbers returnMobile wallets are regaining traction in India. Global fintechs like Revolut and Tide are seeking licenses, while domestic players are ente...29 Jan, 2025, 06.00 AM IST
- Cashfree Payments receives prepaid payment instrument licence from RBIThe company had in July obtained the payment aggregator cross-border licence, enabling transactions for imports and exports. It came after ...29 Oct, 2024, 02.16 PM IST
- RBI issues guidelines for non-bank payment service providers to prevent cyber security risksThe large non-bank PSOs need to abide by the directions by April 1, 2025. These include Clearing Corporation of India Limited (CCIL), Natio...30 Jul, 2024, 11.24 PM IST
- MobiKwik claims to be largest digital wallet player in terms of transaction valueMobiKwik, leading in digital financial services by PPI Wallet transactions for April and May, grew market share to 23%. Co-founder Upasana ...08 Jul, 2024, 04.47 PM IST
- Neobanking startup Jupiter gets RBI nod for mobile wallet licenceNeobanking startup Jupiter, backed by Tiger Global and Peak XV Partners, secures a prepaid payments instrument licence from the RBI to offe...13 Jun, 2024, 06.11 AM IST
- UPI rule change: Soon use money in PhonePe, Amazon Pay, any wallet to pay via Paytm, other UPI apps; check RBI new ruleUPI rule change for PPIs: Currently, money in your prepaid wallet (like PhonePe) can only be used for UPI transactions through the app offe...10 Apr, 2024, 07.37 PM IST
- No charge on normal UPI transactions for customers, says NPCIThe NPCI reportedly said that using prepaid payment instruments (PPIs) - gift cards, wallets, among others - for transactions through UPI w...30 Mar, 2023, 12.08 PM IST
- You will not lose money in mobile wallets: RBIFull KYC requires you to link your PPI account with your Aadhaar number. Some other important documents like residential proofs are needed ...27 Feb, 2018, 09.21 AM IST
- Amazon has licence to fight rivals on wallet turfThe Reserve Bank of India has issued the licence, effective as on March 22, in the name of Amazon Online Distribution Services.13 Apr, 2017, 08.03 AM IST
- RBI issues draft master circular for revised PPI normsThe regulator has also proposed making PPIs interoperable across the banking system but only after the entity meets all the regulatory crit...20 Mar, 2017, 08.36 PM IST
- RBI's mobile wallet interoperability faces a few hurdlesWallets had been given licence according to very relaxed net worth criteria, which allowed a huge flux of players to get into the market.17 Mar, 2017, 12.56 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
- Government releases draft rules for wallet companiesThe Rules mandate that each Prepaid Payment Instruments (PPI) company or wallet firm will have a privacy policy posted on its website.09 Mar, 2017, 06.51 PM IST
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