November 15, 2024
Random News

News Express

News at your Finger Tips

Tag: prepaid instruments

New UPI rules for access for prepaid instruments: Now, transfer money from your prepaid wallet using third party apps – Times of India

admin02 mins

UPI Access for Prepaid Payment Instruments (PPIs) through Third Party App: The Reserve Bank of India (RBI) governor Shaktikanta Das on Friday announced in his monetary policy committee (MPC) statement that individuals can now use prepaid payment instruments like digital wallets to make payments via UPI through third-party apps. RBI Governor Shaktikanta Das highlighted that…

Read More

Non-banks can issue prepaid instruments: RBI – Times of India

admin01 mins

MUMBAI: RBI said non-banks can issue prepaid payment instruments to commuters of transit services after its approval. Under the amended regulation, both banks and non-banks can issue rupee-denominated prepaid instruments that have a built-in automated fare collection application related to transit services, toll and parking. Sources said the norms apply mainly to National Common Mobility…

Read More