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PREPAID WALLET
RBI cancels Paytm bank license, to approach high courtThe Reserve Bank of India has taken decisive action against Paytm Payments Bank by cancelling its banking licence. This means that the bank...
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...
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...
RBI orders Talkcharge Technologies to stop issuing prepaid walletsThe regulator has cautioned users that it has not ordered them to return the cashbacks they earned from the company, but has asked the latt...
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...
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...
RBI allows banks to issue prepaid wallets for public transport systemsIn a notification issued today, the central bank amended its norms on issuance of prepaid wallets to allow special wallets to be issued for...
Which UPI payments will attract interchange fee? Will you have to bear the cost?UPI transaction charges: NPCI has advised that UPI transactions made via prepaid instruments, such as wallets and cards will attract an int...
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.
Just Dial gets RBI's in-principle nod for its prepaid walletWith RBI's approval Just Dial will be in position for providing payment solution to its users.
Itz Cash partners with RBL Bank for Rupay Platinum Prepaid CardOffering an alternative to cash transactions the instrument will service general spend, online shopping, In-App payments, ATM cash out, gif...
Initial euphoria of prepaid wallets dies downThe RBI gave licence to operate pre-paid wallets to around 26 entities and the last two years have seen a flurry of launches.
Oxigen in talks with Visa, RuPay to launch virtual prepaid cardsOxigen Wallet is India's first RBIapproved, non-bank wallet to be integrated with the National Payment Corporation of India.
Pre-paid mobile wallets are the flavour of the seasonWhether you have to pay for a taxi ride or teach your child the basics of managing money, a preloaded mobile wallet could be the answer.