PPI

RBI Has Banned Non-Bank Entities From Giving Credits: Paytm Postpaid, Jupiter, Ola Money Stops Credit Services RBI has barred NBFCs from loading credit lines onto prepaid payment instruments (PPIs) such as e-wallets or prepaid cards. …

RBI’s Launches New eWallets With No KYC; Transactions Upto Rs 10,000 Will Be Allowed In order to boost Digital India, and facilitate more cashless transactions, Reserve Bank of India or RBI has now launched a new category of prepaid…

In case any mobile wallet like Paytm user hasn’t completed the KYC or Know Your Customer process, then the money remaining in the wallet shall be left immobilized. This was as per the strict KYC rules formulated by RBI last year.

Reserve Bank of India has released the data for digital transactions for January 2018 and going by the looks of it, it seems that Digital India is on to a solid start this year. Both in terms of volume and value, digital transactions (which…