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WALLET INTEROPERABILITY
RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...- Mobile money doubles to $2 trillion in 4 years as digital payments surge globally: ReportGlobal mobile money transactions surpassed $2 trillion in 2025, doubling in value within four years. This growth is fueled by increased use...
- 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...
- Nandan Nilekani, Pramod Varma eye AI-led global rails for commerce in next leapThe architects of India’s digital public infrastructure (DPI), Nandan Nilekani and Pramod Varma, are now attempting their next leap: buildi...
- 4 banks offering UPI interoperability on Central Bank Digital Currency (CBDC) app
- NPCI's interoperability guidelines to pave way for additional revenues for Paytm Payments Bank: AnalystsAnalysts including Morgan Stanley and Citi said that the NPCI's latest guidelines on interoperability significantly improve the salience of...
- JusPay launches software to make digital wallets mutually compatibleThe Reserve Bank of India (RBI) said in May 2021 that all prepaid cards and wallets that are full-KYC compliant must be fully interoperable...
- 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 ...
- Soon you can transfer money between digital wallets, prepaid cards beyond UPIOnce the RBI’s interoperability proposal is put in place, then you can transfer money across different wallets. Say a Paytm user can transf...
- You’ll soon get to make card payments through m-walletsMobile wallet companies get a briefing on interoperability from major card networks in the country.
- 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...
- RBI says interoperability available only for full KYC walletsAll forms of wallet interoperability will happen through Unified Payments Interface and cards through the interoperable card networks.
- Mobile wallet interoperability soon with ridersWhile RBI is yet to allow transactions between different mobile wallets, the digital payments industry is abuzz with talk on an imminent an...
- Interoperability pits payment banks against mobile walletsSome payment banks have taken up the matter with RBI arguing that move will directly hurt their business models.
- RBI’s on track to release wallet interoperability rules in a monthInteroperability, that allows transactions between digital wallets, is expected to bring a paradigm shift in the digital payments industry.
- Glimmer of hope: RBI to bring interoperability for e-wallets within the promised time frameIndia’s digital wallet industry stares at an 80-90% erosion of its user base as most ignored the February 28 deadline for submitting detail...
- Interoperability to soon give wings to mobile wallets like Paytm, MobiKwikThe RBI had announced that digital wallets that are compliant with its Know-Your-Customer norms will be interoperable by April.
- What will happen if wallets are made interoperable?Interoperability in the space of digital wallets was not allowed by the RBI. The latest buzz is that it could be opened up within a short p...
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