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ARTICLE · 10 NOVEMBER 2017

RBI – Inter-Operability Among Prepaid Payment Instruments ("PPIs")

The RBI has decided to allow interoperability among PPIs (issued in the form of wallets) through Unified Payments Interface.

IndiaFinance and Banking

The RBI has decided to allow interoperability among PPIs (issued in the form of wallets) through Unified Payments Interface.

The RBI, however, has incorporated a rider that the facility will be allowed only for KYC compliant users.

This update is authored by Clasis Law, Clyde & Co's associated firm in India

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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