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PPIS FOR FOREIGN NATIONALS
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 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...
- 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...
- UPI payment for international travellers: Eligibility, documents required, other key details to knowThe Reserve Bank of India (RBI) announced the extension of UPI to allow visitors from G20 countries to use it to make merchant payments whe...
- In-bound travellers visiting India can now make local payments using UPITo start with, it will be available to travelers from G-20 countries, at select international airports (Bengaluru, Mumbai and New Delhi). E...
- UPI for foreign travellers, NRIs: Passport, visa physical verification must for issuance; RBI releases guidelinesRBI on February 10, 2023, released guidelines on the issuance and use of Unified Payments Interface (UPI) by foreign travellers and Non Res...
- ED summons crypto execs; startup valuations drop sharplyED has issued notices to a few crypto firms and summoned their top executives as it probes alleged violations of India’s foreign exchange l...
- RBI lays out norms for non-banks to access RTGS, NEFT systems“The risk of failure or delay in execution of fund transfers can also be avoided when the transactions are directly initiated and processed...
- RBI to regulate NPCI, retail payment systems with increased oversightThe updated oversight framework, released by the central bank on Saturday, lays down new designations of systematically important FMIs, leg...
- Demonetisation is a watershed moment in the history of India's economy, says FM Arun JaitleyJaitley, in a blog post, said it would not be wrong to say that India has moved on to a much cleaner, transparent financial system post not...
- RBI doubles pre-paid card limit to Rs 1 lakhBesides, the maximum validity of gift cards has been enhanced from one year to three years, the RBI said.
- Boom time for PPOs as Citibank, Wipro, M&M, Philips, others use the route to pick candidatesPPOs are made by companies to students who have interned with them based on performance, and generally result in a firm job offer.
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