RBI Introduces New Prepaid Payment Instrument
Business | Indo-Asian News Service | Wednesday December 25, 2019
PPIs are financial instruments that facilitate the purchase of goods and services against the value stored on such instruments.
Realme Festive Days Sale Is Back With Discounts on Realme 5, Realme 5 Pro, and More
Nadeem Sarwar | Monday October 7, 2019
The ongoing Realme Festive Days sale on the company’s official website and Flipkart bring discounts on a wide range of phones.
OnePlus 6T Amazon Sale Brings Cashback Offer, No-Cost EMI, Instant Discount
Gadgets 360 Staff | Friday May 10, 2019
OnePlus 6T buyers will get Rs. 2,000 cashback in the form of Amazon Pay balance when they pay using any prepaid payment method.
Prepaid Payment Limit At Rs 50,000 A Month; Interoperability In Phases: RBI
Business | Press Trust of India | Thursday October 12, 2017
PPIs are substitute of paper currency or cash that prepaid payments industry issues in the form of paper coupons, mobile wallets or electronic formats.
Government Releases Draft Rules For M-Wallets, Smart Cards
India News | Press Trust of India | Friday March 10, 2017
The government has released draft guidelines for transactions made through prepaid payment instruments (PPIs) like mobile wallets, smart cards and paper vouchers and also sought feedback from various stakeholders.
Government Releases Draft Rules For M-Wallets, Smart Cards
Business | Press Trust of India | Thursday March 9, 2017
The draft IT (Security of Prepaid Payment Instruments) Rules 2017 have been designed to ensure adequate integrity, security and confidentiality of electronic payments effected through PPIs.
RBI Extends Period Of Enhanced Prepaid Payment Instruments Limit
Business | Press Trust of India | Friday December 30, 2016
The decision comes on the day when the enhanced limit from Rs 10,000 to Rs 20,000 came to an end. At present, 47 non-bank entities and 45 banks are operating payment systems for PPI.
RBI Allows Banks To Issue Prepaid Payment Instruments To Unlisted Companies, Public Entities
Business | Press Trust of India | Tuesday December 27, 2016
The RBI has instructed banks to issue prepaid payment instruments to only those entities or employers that have a bank account with them.
RBI Fears Cyber Attack On Prepaid Payment Instruments, Asks Issuers To Conduct Security Audit
Business | Press Trust of India | Friday December 9, 2016
With the withdrawal of legal tender characteristics of old Rs 500 and Rs 1,000 notes (Specified Bank Notes or SBN), the use of alternate modes of payment, specifically e-wallets, has gained momentum, the RBI said.
Monthly Limit For e-Wallets Doubled
India News | Press Trust of India | Wednesday November 23, 2016
With the public facing cash crunch, RBI today introduced special dispensation for small merchants and doubled the limit of semi-closed Prepaid Payment Instruments (PPIs) to Rs 20,000 to facilitate digital transactions.
RBI Doubles Balance Limit For Digital Wallets To Help Merchants
Business | Thomson Reuters | Tuesday November 22, 2016
Merchants can transfer up to Rs 50,000 per month from these so-called semi-closed prepaid payment instruments to their bank accounts, the RBI said.
Prepaid Cards: Help for Financially Excluded or Finance for Terrorists?
World News | Agence France-Presse | Sunday November 29, 2015
Prepaid payment cards were seen as a positive development, helping those excluded from the banking system and providing a convenient financial tool, but their use in the Paris terror attacks has revealed a troubling dark side.
Tata Subsidiary Launches PaySmart Prepaid Payment Card Service
Written by Vidhyanshu | Thursday January 29, 2015
"Keeping financial inclusion in mind, we have created a product for all customers who can have a choice of cashless dealings."
RBI tightens norms for prepaid cards; value capped at Rs 50,000
Business | Friday March 28, 2014
The Reserve Bank of India (RBI) has tightened and streamlined norms regarding the issuing of prepaid payment instruments and capped their maximum value at Rs 50,000.
RBI forms panel for bill payment platform
Business | Thursday October 24, 2013
A GIRO is a payment instruction from one bank account to another bank account initiated by a payer. It facilitates payment through cash, cheque, credit/debit cards and prepaid payment instruments in transfer of funds to the bank account of a beneficiary.
RBI Introduces New Prepaid Payment Instrument
Business | Indo-Asian News Service | Wednesday December 25, 2019
PPIs are financial instruments that facilitate the purchase of goods and services against the value stored on such instruments.
Realme Festive Days Sale Is Back With Discounts on Realme 5, Realme 5 Pro, and More
Nadeem Sarwar | Monday October 7, 2019
The ongoing Realme Festive Days sale on the company’s official website and Flipkart bring discounts on a wide range of phones.
OnePlus 6T Amazon Sale Brings Cashback Offer, No-Cost EMI, Instant Discount
Gadgets 360 Staff | Friday May 10, 2019
OnePlus 6T buyers will get Rs. 2,000 cashback in the form of Amazon Pay balance when they pay using any prepaid payment method.
Prepaid Payment Limit At Rs 50,000 A Month; Interoperability In Phases: RBI
Business | Press Trust of India | Thursday October 12, 2017
PPIs are substitute of paper currency or cash that prepaid payments industry issues in the form of paper coupons, mobile wallets or electronic formats.
Government Releases Draft Rules For M-Wallets, Smart Cards
India News | Press Trust of India | Friday March 10, 2017
The government has released draft guidelines for transactions made through prepaid payment instruments (PPIs) like mobile wallets, smart cards and paper vouchers and also sought feedback from various stakeholders.
Government Releases Draft Rules For M-Wallets, Smart Cards
Business | Press Trust of India | Thursday March 9, 2017
The draft IT (Security of Prepaid Payment Instruments) Rules 2017 have been designed to ensure adequate integrity, security and confidentiality of electronic payments effected through PPIs.
RBI Extends Period Of Enhanced Prepaid Payment Instruments Limit
Business | Press Trust of India | Friday December 30, 2016
The decision comes on the day when the enhanced limit from Rs 10,000 to Rs 20,000 came to an end. At present, 47 non-bank entities and 45 banks are operating payment systems for PPI.
RBI Allows Banks To Issue Prepaid Payment Instruments To Unlisted Companies, Public Entities
Business | Press Trust of India | Tuesday December 27, 2016
The RBI has instructed banks to issue prepaid payment instruments to only those entities or employers that have a bank account with them.
RBI Fears Cyber Attack On Prepaid Payment Instruments, Asks Issuers To Conduct Security Audit
Business | Press Trust of India | Friday December 9, 2016
With the withdrawal of legal tender characteristics of old Rs 500 and Rs 1,000 notes (Specified Bank Notes or SBN), the use of alternate modes of payment, specifically e-wallets, has gained momentum, the RBI said.
Monthly Limit For e-Wallets Doubled
India News | Press Trust of India | Wednesday November 23, 2016
With the public facing cash crunch, RBI today introduced special dispensation for small merchants and doubled the limit of semi-closed Prepaid Payment Instruments (PPIs) to Rs 20,000 to facilitate digital transactions.
RBI Doubles Balance Limit For Digital Wallets To Help Merchants
Business | Thomson Reuters | Tuesday November 22, 2016
Merchants can transfer up to Rs 50,000 per month from these so-called semi-closed prepaid payment instruments to their bank accounts, the RBI said.
Prepaid Cards: Help for Financially Excluded or Finance for Terrorists?
World News | Agence France-Presse | Sunday November 29, 2015
Prepaid payment cards were seen as a positive development, helping those excluded from the banking system and providing a convenient financial tool, but their use in the Paris terror attacks has revealed a troubling dark side.
Tata Subsidiary Launches PaySmart Prepaid Payment Card Service
Written by Vidhyanshu | Thursday January 29, 2015
"Keeping financial inclusion in mind, we have created a product for all customers who can have a choice of cashless dealings."
RBI tightens norms for prepaid cards; value capped at Rs 50,000
Business | Friday March 28, 2014
The Reserve Bank of India (RBI) has tightened and streamlined norms regarding the issuing of prepaid payment instruments and capped their maximum value at Rs 50,000.
RBI forms panel for bill payment platform
Business | Thursday October 24, 2013
A GIRO is a payment instruction from one bank account to another bank account initiated by a payer. It facilitates payment through cash, cheque, credit/debit cards and prepaid payment instruments in transfer of funds to the bank account of a beneficiary.
................................ Advertisement ................................
................................ Advertisement ................................
