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PREPAID PAYMENTS INSTRUMENT
Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...21 May, 2026, 07.46 AM IST- 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...21 May, 2026, 06.00 AM IST
- UPI processes 85% of India's payment volumes but just 9.5% of value; RTGS dominates at 68.6%UPI processed most payment transactions in India by volume in late 2025. RTGS handled significant value with low volume. NEFT offered versa...19 May, 2026, 05.27 AM IST
- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...18 May, 2026, 05.46 PM IST
- RBI imposes penalty on IIFL FinanceThe Reserve Bank of India has fined IIFL Finance Rs 3.1 lakh for not returning surplus amounts from gold auctions to borrowers. Appnit Tech...15 May, 2026, 06.52 PM IST
- 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
- CCIL chief explains what financial markets will now need to keep pace with volatile geopoliticsFinancial markets must become more agile and intelligent. CCIL Chairman Rajeshwar Rao highlighted the need for stronger integration to face...23 Apr, 2026, 01.49 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
- Junio Payments gets RBI's in-principle authorisation to issue prepaid payment instrumentsJunio Payments Private Ltd has secured in-principle authorisation from the Reserve Bank of India to issue Prepaid Payment Instruments. This...06 Nov, 2025, 02.17 PM IST
- RBI allows prepaid wallets, cards without KYC, to pay for rail, metro, bus, toll, parking; how it worksMetro, bus, train, waterways, tolls, and parking services can now be paid digitally through prepaid wallets and cards, thanks to RBI's appr...23 Feb, 2024, 04.37 PM IST
- RBI to introduce new prepaid payment instrument for digital transactions up to Rs 10,000RBI proposed to introduce a new type of prepaid payment instruments (PPIs) which can be used only for the purchase of goods and services up...06 Dec, 2019, 12.26 PM IST
- RBI's strict KYC norms to keep e-wallets safeMobile wallets, which have been conforming to a minimum KYC format will have convert to full KYC wallet within 12 months of opening it.13 Oct, 2017, 12.41 AM 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
- Digital transactions in July touch 859.2 millionWhile digital payments have witnessed a growth trajectory over the last few months, wallet transactions and card payments have come off the...10 Aug, 2017, 12.57 AM IST
- New cyber security norms send wallet firms in a tizzyI-T ministry has asked wallet companies to adopt multiple-factor authentication for payments, which, the industry sources say, can kill the...11 Mar, 2017, 09.27 AM IST
- You can't use your cell prepaid card for shopping nowRBI is opposed to the idea of allowing prepaid mobile phone balances to be used in lieu of cash and to buy goods and services other than mo...07 Feb, 2009, 03.19 AM IST
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