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PREPAID CARD ISSUERS
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 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 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...
- 2 new debit card, credit card rules applicable soonDebit card, credit card rules: At the moment, when you apply for a debit or credit card, the network provider is normally determined by the...
- Debit card, credit card rule set to change: Soon you will be able to choose your card network providerDebit card, credit card rule to change: The Reserve Bank of India has recently proposed that the card issuers i.e., banks and finance compa...
- RBI seeks to give customers choice of card networkNetworks of American Express, Diners Club International, Mastercard, Visa and homegrown RuPay provide services to customers in India, but t...
- RuPay forex cards to be issued soon; can be used at overseas ATMs, PoS machines, online merchantsRuPay Debit and Credit cards issued by banks in India have gained international acceptance through bilateral arrangements with internationa...
- Bank-led PPI issuers onboarding only full KYC users post RBI rapIn the absence of clarity on the applicability of these rules announced earlier this month, fintechs are engaging with partner banks and no...
- RBI stance on fintech has government backingGovernment officials told ET that the RBI order, published late Monday, came after commercial lenders had raised concerns with the banking ...
- Single body for complaints against banks, NBFCs, pre-paid card issuers from June 2021Currently, there are separate ombudsmen for banks, non-banking finance companies and prepaid card issuers. The move is aimed at providing a...
- Why you should carry forex prepaid card instead of credit card while travelling abroadWhen you buy a forex card, you are being charged an issuance fee (which is the cost of the card). And, when you buy a credit card from a fi...
- RBI issues consumer protection rules for mobile wallets: Users liability limitedIf an unauthorised transaction takes place from the customer's mobile wallet due to the negligence of PPI issuer, then, in that case, the c...
- Things to know before buying a prepaid forex card for your international holidayIf you are planning on going on a holiday abroad this summer, here is what you should know about prepaid or forex cards.
- RBI puts Aadhaar-linked cards on holdThe move comes in the wake of banks complaining that biometric authentication across all point of sales terminals was proving to be a chall...
- RBI tightens norms for pre-paid cards; caps value at Rs 50KThe Reserve Bank today tightened and streamlined the norms regarding issuance of pre-paid payment instruments and capped their maximum valu...
- Pre-paid card issuers need minimum Rs 5 crore to operate in IndiaThe Reserve Bank of India has raised the minimum capital requirement for pre-paid card issuers five times to Rs 5 crore and told them to ma...
- RBI rationalises categories and value of pre-paid payment cardsThe pre-paid cards, technically known as semi-closed pre-paid instruments are convenient alternatives to cash & cheques.
- Smart things to know to convert credit card dues to EMIsCredit card issuers may allow card holders to convert their dues into a loan and repay through EMIs, both on new purchases as well as the e...
- 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...
- Pre-paid cards, meal vouchers under RBI lensThe central bank has now proposed that only banks and finance companies be allowed to issue pre-paid cards which are accepted outside a clo...
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