HOW TO APPLY TO RBI FOR MOBILE WALLET/ PREPAID PAYMENT INSTRUMENTS
The Reserve Bank of India issued guidelines for prepaid payment instruments (PPI) such as closed, semi-closed, and open wallets. According to the new guidelines, all the PPIs will now be interoperable, which means will allow transaction with each other A non-bank entity desirous of setting up payment systems for issuance of PPIs shall apply for …