Payment instruments like mobile wallets, gift cards, and prepaid cards authorised by RBI under the Payment and Settlement Systems Act, 2007. Categorised as small PPIs (up to ₹10,000) and full-KYC PPIs (up to ₹2 lakh).
Last updated: 17 May 2026
Payment instruments like mobile wallets, gift cards, and prepaid cards authorised by RBI under the Payment and Settlement Systems Act, 2007. Categorised as small PPIs (up to ₹10,000) and full-KYC PPIs (up to ₹2 lakh).
Prepaid Payment Instrument is significant under RBI because it refers to: Payment instruments like mobile wallets, gift cards, and prepaid cards authorised by RBI under the Payment and Settlement Systems Act, 2007. Categorised as small PPIs (up to ₹10,000) and full-KYC PPIs (up to ₹2 lakh).
Prepaid Payment Instrument under RBI applies to companies, professionals, and individuals involved in RBI-related compliance and regulatory matters in India. Specifically: Payment instruments like mobile wallets, gift cards, and prepaid cards authorised by RBI under the Payment and Settlement Systems Act, 2007. Categoris...