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GIFT PPI
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- 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
- Prepaid cards carving out their own niche in the new age of UPIAccording to data released by the Reserve Bank of India, the number of PPI cards rose 10.7% to 483 million as on June 30, 2025 from 436 mil...29 Oct, 2025, 06.00 AM 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
- 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
- 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
- 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
- To pay or not to pay: High Court decides on the levy of GST on vouchersThe ever-growing demand of vouchers is being satiated by companies who procure vouchers from their issuers and supply them to buyers. Till ...01 Mar, 2023, 03.38 PM IST
- From TWS earbuds to smartwatch: Tech gifts for your sibling this Raksha BandhanA latest smartphone or an e-reader can certainly brighten your sibling’s day.05 Aug, 2022, 10.47 AM IST
- RBI makes mobile wallet interoperability mandatory from FY23Additionally, mobile wallets such as Paytm, PhonePe and Mobikwik can now be used for cash withdrawals up to Rs 2,000. The wallet limit has ...19 May, 2021, 10.40 PM IST
- You can make digital transactions but cannot transfer money using RBI's newly launched PPIUnlike the PPIs that are available now, the new instrument can only be used for making retail payments. You cannot use it to transfer funds...30 Dec, 2019, 01.39 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 releases norms for facilitating money transfer among e-walletsThe guidelines elaborate on requirements for achieving inter-operability for mobile wallets and cards, and norms for customer protection an...17 Oct, 2018, 12.07 PM IST
- Customers threaten to dump e-wallets as KYC norms kick inIndustry executives estimate that at least 8 out of every 10 customers using mobile wallets in the country have not completed KYC requireme...02 Mar, 2018, 12.35 PM 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
- Gift card co Qwikcilver plans expansion to Russia and SE AsiaThe company already has a presence in West Asia and has tie-ups with online electronics retailer Sharaf DG, franchisee businesses of Al Fut...27 Jan, 2017, 09.21 AM IST
- 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.03 Dec, 2014, 04.04 PM IST
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