New Delhi, May 19 (IANS) The Unified Payments Interface (UPI) commanded the largest share of transaction volume at 85.5 per cent in the second half (H2) of 2025, followed by NEFT at 3.6 per cent and Prepaid Payment Instruments (PPIs) at 3.6 per cent, according to a latest report by the Reserve Bank of India (RBI).RTGS accounted for a mere 0.1 per cent, reflecting its role as a high-value, low-volume system.“Conversely, in terms of transaction value, RTGS dominated with 68.6 per cent of the tot…
Latest Prepaid Payment Instruments News & Updates
New Delhi, April 25 (IANS) The Reserve Bank of India (RBI) has issued a draft Master Direction on Prepaid Payment Instruments (PPIs) to enhance security, customer protection and operational clarity for digital wallets and prepaid cards.RBI’s draft would allow banks that issue debit cards to offer PPIs after informing the Department of Payment and Settlement Systems (DPSS), according to reports.”A non-bank applicant shall have a minimum net-worth of Rs 5 crore, and shall submit a certificate…fr…