{"id":58995,"date":"2022-06-23T18:03:34","date_gmt":"2022-06-23T12:33:34","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?page_id=58995"},"modified":"2022-09-13T18:03:10","modified_gmt":"2022-09-13T12:33:10","slug":"non-banks-cant-load-credit-lines-into-prepaid-payment-instruments-rbi","status":"publish","type":"page","link":"https:\/\/enterslice.com\/learning\/whitepapers\/non-banks-cant-load-credit-lines-into-prepaid-payment-instruments-rbi\/","title":{"rendered":"Non-banks can\u2019t load credit lines into prepaid payment instruments: RBI"},"content":{"rendered":"<p>The Reserve Bank of India released a clarification for Prepaid Payment Instruments (PPIs) that involve instruments such as wallets and prepaid cards. RBI stated that non-banking institutions should not load credit lines to PPIs. The notification was sent to non-bank PPI entities, including fintech companies.<\/p>\n\n\n\n<p>The clarification statement read, &ldquo;The PPI-MD does not permit loading of PPIs from credit lines. Such practice, if followed, should be stopped immediately. Any non-compliance in this regard may attract penal action under provisions of the Payment and Settlement Systems Act, 2007.&rdquo;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India released a clarification for Prepaid Payment Instruments (PPIs) that involve instruments such as wallets and prepaid cards. RBI stated that non-banking institutions should not load credit lines to PPIs. The notification was sent to non-bank PPI entities, including fintech companies. The clarification statement read, &ldquo;The PPI-MD does not permit loading [&hellip;]<\/p>\n","protected":false},"author":61,"featured_media":58997,"parent":15144,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"download-newsletter.php","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI: Non-banks can\u2019t load credit lines into prepaid payment instruments<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of India released a clarification for Prepaid Payment Instruments (PPIs) that involve instruments such aswallets and prepaid cards.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/whitepapers\/non-banks-cant-load-credit-lines-into-prepaid-payment-instruments-rbi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI: Non-banks can\u2019t load credit lines into prepaid payment instruments\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of India released a clarification for Prepaid Payment Instruments (PPIs) that involve instruments such aswallets and prepaid cards.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/whitepapers\/non-banks-cant-load-credit-lines-into-prepaid-payment-instruments-rbi\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-13T12:33:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2022\/06\/ENTERSLICE-rbi.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"352\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/58995"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=58995"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/58995\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/15144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/58997"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=58995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}