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…
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