RBI to introduce new prepaid payment instrument to make for digital transactions up to Rs 10,000

RBI proposed to introduce a new type of prepaid payment instruments (PPIs) which can be used only for the purchase of goods and services up to a limit of Rs 10,000. You can load/re-load such PPI only from a bank account to pay your bills.

from Personal Finance News-Wealth-Economic Times https://ift.tt/38amiY0