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RBI, UPI and PPI

Live Mint on MSN · 3h

PPI interoperability: How RBI’s new UPI rule set to ease digital payments? An explainer

With the RBI’s latest move, users of prepaid payment instruments (PPIs) will now be allowed to use third party apps as well instead of only the UPI functionality given by the PPI provider.

Goodreturns · 18h

RBI Announces New Rules, Wallet Users & PPIs Can Now Use UPI Through 3rd Party Apps; Details Here

The Reserve Bank of India (RBI) has announced a policy change. Effective December 27, the new regulation enables holders of Prepaid Payment Instruments (PPIs) to access Unified Payments Interface (UPI) services through third-party applications.

The Times of India on MSN · 7h

Change in UPI Rule: RBI allows UPI access for prepaid payment instruments via third-party apps

RBI has enhanced the functionality of Prepaid Payment Instruments (PPIs) by allowing UPI payments through any third-party UPI-enabled app. Only full-KYC PPIs are eligible for this feature, ensuring added security through pre-authorization.

Times Now on MSN · 19h

UPI Rule Change: Pay Anywhere Using Any App As RBI Enables THIS Feature

The RBI has allowed fully KYC-compliant Prepaid Payment Instruments (PPIs) to conduct UPI transactions via third-party apps, enabling interoperability from customers. PPI issuers must link their customers’ UPI handles to wallets,

14hon MSN

Climate change risks impacting financial system, need India-specific data: RBI's Rajeshwar Rao

Over the last few years, we have taken several incremental measures in this direction. It started with the setting up a ...

1d

India's current account gap narrows to 1.2% of GDP in July-Sept, central bank says

India's July-September current account deficit narrowed marginally from a year earlier amid a rise in services exports, the ...

India forex reserves plummet to 7-month low as rupee keeps falling: RBI data

Here is how much India’s forex reserves have fallen to, according to the latest RBI data, as they seem to mirror the sliding ...

A year of reckoning for Indian fintech startups as RBI tightens the rules

The Reserve Bank of India spearheaded significant regulatory actions in 2024, addressing fraud, compliance lapses, and ...

20h

8-fold surge in bank fraud cases at Rs 21,367 crore in 1st half this fiscal: RBI

RBI reports a significant rise in bank frauds for April-September FY24, totalling Rs 21,367 crore. Internet and card scams ...

RBI's Alarming Spike in Banking Frauds: A Wake-up Call for the Financial Sector

Recent RBI data highlights a concerning surge in bank frauds in India, with cases spiking significantly in the current fiscal ...

1don MSN

India’s government cites RBI policy for slowdown

India’s government partly blames the central bank’s tight monetary policy for weak economic performance. They expect growth ...

1d

Manmohan Singh’s contributions as architect of India’s economic reforms have left indelible mark: RBI Governor

RBI Governor praises Dr. Manmohan Singh's economic reforms, highlighting his legacy as a visionary economist and former Prime ...

1d

India's widening bank liquidity deficit warrants more measures, traders say

India's banking system liquidity deficit is set to widen further in the upcoming quarter, leading to more voices demanding ...

RBI Greenlights UPI Payments via Prepaid Wallets

The Reserve Bank of India has authorized the use of prepaid payment instruments (PPIs) for UPI transactions on third-party ...

1d

RBI Announces ‘FREE-AI’ Committee To Ensure Ethical AI In Finance

The Reserve Bank of India (RBI) has announced the creation of an eight-member committee to develop a framework for the ...

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