Tuesday, April 6, 2021

You can soon send money using NEFT, RTGS via a non-bank entity

The central bank has announced that it will allow non banks entities like prepaid instruments issuers, card networks and white level ATMs. This facility is expected to minimise settlement risk in the financial system and enhance the reach of digital financial services to all user segments, as per the RBI governor’s statement.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3rXWWpd

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