prepaid payment instruments

RBI to FinTechs: Non-Banks Can’t Reload Funds to Prepaid Wallets, Cards
RBI to FinTechs: Non-Banks Can’t Reload Funds to Prepaid Wallets, Cards
June 21, 2022  |  Regulation

FinTechs were alerted that non-bank issuers of prepaid payment instruments (PPIs) can’t load cards and digital wallets with funds through credit lines, the Reserve Bank...

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