Prepaid Wallet License

Amazon Pay (India) Pvt Ltd was fined Rs 3.06 crore by the Reserve Bank of India for failing to follow the norms on Know Your Customer (KYC) and Prepaid Pay...

The Reserve Bank of India has made numerous initiatives to facilitate payments and make transactions tech-savvy, which has led to the introduction of Payme...

Government of India and the Reserve Bank of India (RBI) have taken several steps and initiated frameworks for encouraging digital payments.The roll outs of...

With rising demand for cashless payments and changing digital landscape, the Indian Fintech sector has recorded strong growth. We have reacted fast to the...

Digital transactions are becoming the most convenient mode of payment for goods and services. Such transactions had gained pace, with an increase in the us...

The Reserve Bank of India regulates Prepaid Payment Instruments or PPI Licences under  Section 10(2) of the PSS Act, which empowers the RBI to issue g...

For the past few years, many payment modes have been introduced and approved by RBI, which has facilitated the purchase of goods and services. One such tec...

In a bid to make the payments process fast and easy, the Reserve bank has introduced various measures. One of those measures is Prepaid Wallet or the Payme...

If an individual is planning to start a Prepaid Payment Instrument (PPI), obtaining Prepaid Wallet License is an absolute necessity. Prepaid Payment Instru...

In India, currently in the area of non-cash transactions, the demand for e-wallet, Payment Wallet or Semi-Closed Wallet has been increased and appearing as...

Now Fund Transfer between Mobile Wallets through UPI (Unified Payments Interface)! With recent RBI notification, mobile users will be able to transfer mone...

Semi-Closed Wallet Registration with RBI Semi-Closed Wallet Registration - All non-banking entities looking to issue such instruments shall seek authorizat...