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Interoperability of digital wallets would increase penetration of digital payments ​ By IANS | ​ 0 Views Social media FOMO actively hurts job performance: Study. Image Source: IANS News New Delhi, May 20 : With RBI making mobile wallet interoperability mandatory from FY23, the non-bank (prepaid payment instruments) PPI issuers or the digital wallets has been brought at par with traditional bank accounts in terms of services offered with the move enabling much wider usage and penetration of digital payments in the country, experts have opined. The RBI has made four key changes that will create a much greater level playing field between bank and non-bank PPI issuers. Yesterday the RBI issued guidelines mandating inter-operability for full KYC wallets (aligned with the framework outlined in its policy statement last month) and increasing the limit from one lakh to two lakhs for these instruments. The RBI has allowed a cash withdrawal facility for all non-bank issued full K

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