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LINK PPI TO UPI
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...- Paytm, MobiKwik shares rally up to 5% as RBI allows UPI for prepaid payment instruments via third-party appsAs per the statement on Development and Regulatory Policies dated April 05, 2024, it has been decided to enable UPI payments from/to full-K...
- UPI rule change: Use any UPI app to pay from your wallet as RBI allows interoperability for full-KYC PPIRBI new rules for UPI payment : Now wallet holders will no longer have to depend upon the PPI wallet issuer in order to make UPI payments, ...
- RBI allows UPI access for prepaid payment instruments via third-party applicationsThe Reserve Bank of India has permitted the use of UPI for prepaid payment instruments via third-party applications. This move allows full-...
- 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 ...
- UPI boosts RuPay market share; cost pressure for gaming firmsHappy Thursday! The integration of UPI with RuPay credit cards has pushed up new issuances but transaction growth hasn’t kept up. This and ...
- Neobank Revolut India gets in-principle nod for PPI license from RBIRevolut India, backed by Tiger Global and Softbank, received RBI approval for Prepaid Payment Instruments, strengthening its position in th...
- 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...
- New UPI rules for access for prepaid instruments: Now you can transfer funds from prepaid wallets using third party appsReserve Bank of India UPI: Now individuals don't need to depend upon third party prepaid payment instrument (PPI) wallets in order to make ...
- Slice launches its UPI-first account for all usersAfter a three-month beta testing period, primarily available to its existing customer base, Slice is now extending the account services to ...
- Will Paytm stop working? Decoding the RBI order and what it means for youIn a surprising move, the Reserve Bank of India (RBI) has restricted all services provided by Paytm Payments Bank (PPBL), effective Februar...
- Paytm hit: Can you still use wallet, Fastag? All your questions answeredThe Reserve Bank of India barred all services of the Paytm Payments Bank Ltd (PPBL) on Wednesday, dealing a major blow to one of India's pr...
- NPCI cracks down on unregulated co-branding deals by PPIsIn a note, the NPCI has asked PPI issuers to stop such services with immediate effect and close down existing wallets by June 30
- 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...
- Account-to-account transfers free on UPI: NPCINPCI recently issued guidelines that allowed prepaid payment Instruments (PPI wallets) to be part of the interoperable UPI ecosystem.
- 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...
- MSwipe gets RBI-nod on payment aggregator licenceMSwipe plans to launch its own payment gateway (PG) services pan-India over the next three months, chief executive Ketan Patel told ET.
- IndusInd Bank partners with Mobikwik for a cobranded wallet applicationUnder this partnership, it is believed that common customers will also get the benefit of UPI for purchases at Mobikwik merchants and peer ...
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