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Sunday 9th of February 2025 03:41:35 PM |
IN
RBI ENABLES UPI PAYMENTS VIA THIRD-PARTY PPIS
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The Reserve Bank of India has amended regulations to allow full-KYC Prepaid Payment Instrument (PPI) holders to make and receive UPI payments via third-party applications. PPI issuers must link customer accounts to their UPI handles, with transactions pre-approved and authenticated using existing UPI credentials, streamlining digital payments beyond bank account channels.
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RBI ENABLES UPI PAYMENTS VIA THIRD-PARTY PPIS
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