Search For "prepaid payment instruments"
Infibeam Avenues gets RBI nod to issue Prepaid Payment Instruments
Updated : 4 months, 4 weeks ago IST
Infibeam Avenues Ltd has received an 'In-Principle' authorization from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPIs), the company said in its media release. The approval allows the fintech firm to move closer to offering a new line of digital payment solutions u
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ZikZuk Receives In-Principle Approval from RBI for Issuance of Prepaid Pay
Updated : 10 months, 1 week ago IST
Hyderabad (Telangana) [India], May 19: ZikZuk, a fast-growing fintech startup headquartered in Hyderabad, announces that it has received in-principle authorisation from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI). With this strategic approval, ZikZuk is set to
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RBI allows UPI access through prepaid payment instruments for full-KYC thi
Updated : 1 year, 2 months ago IST
This will enable PPI holders to make or receive UPI payments through the mobile application of third-party UPI applications.
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Women are more likely to adopt digital financial services when introduced
Updated : 1 year, 7 months ago IST
Nalin Bansal, Chief Relationship Management and Key Initiatives, NPCI, said "While we've achieved significant scale in financial inclusion, penetration remains a challenge, with only 25% of payment users being women, and even fewer in semi-urban and rural areas. Many women's mobile numbers a
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RBI cautions public against using unauthorised prepaid payment entities
Updated : 1 year, 11 months ago IST
The Reserve Bank of India (RBI) has urged the public to exercise utmost caution while using websites or applications, and parting with their money to any such unauthorized entity.
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RBI proposes cash deposits through UPI; widens digital currency for retail
Updated : 1 year, 11 months ago IST
The Reserve Bank of India has proposed the idea of depositing cash in Cash Deposit Machines (CDMs) using UPI mechanism, in what could be another boost to already widely recognised technology.
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Nium Secures In-Principal Approval from RBI for the Payment Aggregator Lic
Updated : 2 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 5: Nium, the leader in real-time global payments, proudly announces it has received in principle approval from the Reserve Bank of India for two prestigious payment licences - the Prepaid Payment Instrument (PPI) Licence and the Payment Aggregator (PA)
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No charges for normal UPI-based digital payments, clarifies NPCI
Updated : 2 years, 12 months ago IST
The National Payments Corporation of India (NPCI) cleared the air on Wednesday about the recently introduced interchange charges, saying they are only applicable for the prepaid payment instruments (PPI) transactions and there is no charge to customers.
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RBI extends UPI for inbound travellers from G20 nations
Updated : 3 years ago IST
Delegates from G20 countries can also avail this facility at various meeting venues.
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RBI imposes monetary penalty on Ola Financial Services
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 12 (ANI): The Reserve Bank of India (RBI) on Tuesday said it has imposed a monetary penalty of Rs 1.68 crore on Ola Financial Services Private Limited for non-compliance with certain provisions of payment instruments and know your customers (KYC).
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RBI imposes monetary penalty on Manappuram Finance for non-compliance of K
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 18 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 17.63 lakh on Manappuram Finance Limited for non-compliance of norms related to Know Your Customer (KYC) and Prepaid Payment Instruments (PPIs).
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UPI most preferred digital payment mode among consumers: Worldline India
Updated : 4 years, 11 months ago IST
New Delhi [India], April 15 (ANI): Unified Payments Interface (UPI) remained the most preferred payment mode in 2020 among consumers with a person-to-merchant (P2M) market share volume of 41 per cent, Worldline India said on Thursday.
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