RBI permits UPI transactions via prepaid payment instruments using third-party apps

RBI permits UPI transactions via prepaid payment instruments using third-party apps

[Deccan Chronicle] - 12/27/2024

Mumbai: The Reserve Bank on Friday allowed prepaid payment instrument holders to make and receive UPI payments through third-party mobile applications. It has been decided to enable Unified Payments Interface (UPI) payments from/to full-KYC prepaid payment instruments (PPIs) through third-party (…)



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