PPIs issued by banks and non-banks should be interoperable by March 2022: RBI
PPIs issued by banks and non-banks should be interoperable by March 2022: RBI May 19, 2021 Interoperability shall be mandatory on the acceptance side, says the central bank The Reserve Bank of India (RBI) on Wednesday said interoperability amongst Prepaid Payment Instruments (PPIs) issued by banks and non-banks should be enabled by March 31, 2022. PPIs are instruments that facilitate purchase of goods and services, including financial services, remittances, funds transfers, against the value stored in/on such instruments. RBI said it will be mandatory for PPI issuers to give the holders of ...
Source: thehindubusinessline.com