Prepaid Wallet

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The Knowledge Corner
What are the Differences Between Closed and Semi-closed Wallet?
Karan Singh
| Updated: Aug 13, 2021 | Category: Prepaid Wallet

What are the Differences Between Closed and Semi-closed Wallet?

A digital wallet is also recognised as an e-wallet, and it is a software-oriented system that protects the payment details and passwords of the clients or customers for different online...

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Interoperability of PPIs
Karan Singh
| Updated: Jun 16, 2021 | Category: Prepaid Wallet

RBI Mandates Interoperability of PPIs (Pre-paid Cards, Wallets)

The Reserve Bank of India ordered all prepaid payment instruments or wallets that are KYC (Know Your Customer) compliant to be made interoperable by March 2022. The RBI issued a...

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Types of Prepaid Wallet License
Shivani Jain
| Updated: Feb 27, 2021 | Category: Prepaid Wallet, RBI Advisory

Types of Prepaid Wallet License: A Guide on Different PPIs

Since demonetisation, the Reserve Bank of India has constantly been emphasising and making efforts to increase the use of Cashless Transactions for any monetary purpose. Further, the financial instruments that...

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Procedure for Prepaid Wallet License in India
Japsanjam Kaur Wadhera
| Updated: Feb 20, 2021 | Category: Prepaid Wallet, RBI Advisory

Procedure for Prepaid Wallet License in India

Since after the demonetisation, the Reserve Bank of India (RBI) has prioritized and given special importance on the use of digital transfer of money for any cash purpose. To ease...

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