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...
22 Apr, 2026, 10.12 PM IST
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...
22 Apr, 2026, 07.41 PM IST
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...
07 Apr, 2026, 06.00 AM IST
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...
28 Mar, 2023, 01.09 PM IST
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...
17 Feb, 2022, 04.10 PM 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
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...
07 Apr, 2021, 04.51 PM IST
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.
03 Jan, 2019, 06.02 AM 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
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.
17 Oct, 2018, 08.37 AM IST
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...
07 Sep, 2018, 03.34 PM IST
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.
13 Aug, 2018, 08.13 AM IST
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.
11 Jun, 2018, 08.04 AM IST
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...
05 Mar, 2018, 10.46 AM IST
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.
05 Oct, 2017, 08.14 AM IST
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...
22 Mar, 2017, 01.44 PM IST
RBI's mobile wallet interoperability faces a few hurdlesWallets had been given licence according to very relaxed net worth criteria, which allowed a huge flux of players to get into the market.
17 Mar, 2017, 12.56 PM IST