What is PPI?
PPIs or Prepaid Payment Instruments come with a pre-loaded value and in some cases a pre-defined purpose of payment. They facilitate the purchase of goods and services as well as inter-personal remittance transactions such as sending money to a friend or a family member. These payment instruments are licensed and regulated by the Reserve Bank of India. Continue reading “New norms by @RBI for #PPIs and what does they means for you”