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PREPAID PAYMENT ISSUERS
RBI overhauls prepaid cards & wallets rules: Rs 2 lakh monthly debit limit, usage, restrictions, new safeguard and more- RBI sharpens compliance norms, expands use cases of UPI-linked wallets for foreign visitors under draft PPI norms
- RBI proposes measures to strengthen Prepaid Payment Instruments framework
- 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...27 Mar, 2026, 02.00 PM 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
- 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, ...27 Dec, 2024, 06.00 PM IST
- 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-...27 Dec, 2024, 03.11 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
- 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
- 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...08 Jun, 2023, 01.07 PM IST
- 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 ...23 Jun, 2022, 10.17 AM IST
- Soon withdraw cash from digital wallets, prepaid cards of non-bank entitiesPPIs stand for prepaid payment instruments. Forex cards, digital wallets etc are some examples of PPIs. The statement stated that the neces...07 Apr, 2021, 03.06 PM IST
- Resolve your mobile wallets complaints with issuer's ombudsman first before going to RBIPaytm Wallet and PhonePe Wallet are some examples of pre-paid instruments.04 Oct, 2019, 12.57 PM IST
- 5 ways RBI has made e-wallets safer for usersReserve Bank of India has mandated a range of safety valves to protect prepaid payment instrument customers.14 Jan, 2019, 06.30 AM IST
- Government releases draft rules for m-wallets, smart cardsThe companies will also have to establish a mechanism for monitoring, handling and follow-up of cyber incidents and breaches.09 Mar, 2017, 09.38 PM IST
- Jan-Dhan will not block payments banks: AP Hota, MD & CEO, NPCI"Payments banks can issue RuPay debit cards with the free insurance cover. But they cannot provide overdraft facility as they are not allow...05 Jan, 2015, 04.45 PM IST
- 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...07 May, 2014, 12.40 PM IST
- 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...28 Mar, 2014, 10.47 PM 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
- 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...11 Nov, 2008, 12.30 PM IST
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