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UPI, PPI and RBI
RBI Opens New Doors: PPI Users Can Now Make UPI Payments Through Third-Party Apps
A revolutionary policy shift has been announced by the Reserve Bank of India (RBI), marking a major step toward improving the digital payment environment.
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-K
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.
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,
10h
on MSN
'Why should RBI own dollars...': Capitalmind's Deepak Shenoy challenges central bank's curbs on mutual funds
Shenoy argued that these restrictions limit India's financial ecosystem, suggesting that Indian investors and institutions ...
7h
on MSN
High Employee Attrition of 25% in Private Banks Pose Operational Risk: RBI Report
Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, which was ...
4h
Headcount at state-owned banks slumps to lowest in 13 years, shows RBI data
Between FY17 and FY24, public sector banks lost more than 100,000 employees even as staff across the country's banking sector ...
2d
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 ...
13h
on MSN
India's Foreign Currency & Gold Reserves Dip As Rupee Slips To Record Low
As per the RBI report, the total foreign reserve in India dipped to USD 644.39 billion, declining by USD 8.4 billion. The is ...
2d
on 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
on 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 ...
The Week
1d
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 ...
2d
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 ...
8h
High employee attrition of 25 per cent in private banks pose operational risk: RBI Report
Employee attrition in private sector banks in India has increased to around 25%, posing significant operational risks, ...
9h
on MSN
Officers To Get Allowances In Digital Rupee Wallets? Know All About RBI's Plan
The Reserve Bank of India (RBI) has taken a strategic step to boost the adoption of its central bank digital currency (CBDC) ...
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