RBI has made this 'wallet' change to UPI
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. This move promotes digital payments and financial inclusion, making UPI transactions more seamless.
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. This move promotes digital payments and financial inclusion, making UPI transactions more seamless.
