RBI allows PPI holders to have UPI transactions through mobile app of third-party UPI apps
RBI said the relevant provisions have been amended. File | Photo Credit: Reuters The Reserve Bank of India (RBI) has decided to enable UPI payments from/to full-KYC Prepaid Payment Instruments (PPIs) through third-party UPI applications as per it’s previous announcement made in the Statement on Development and Regulatory Policies dated April 5, 2024. “This will enable PPI holders to…