TNPSC Thervupettagam

New PPI for digital transactions

December 28 , 2019 1787 days 1155 0
  • In order to boost small value digital transactions, the RBI, has launched a semi-closed prepaid payment instrument (PPI) for the transaction of goods and services up to a limit of Rs 10,000. 
  • This direction has made under the Payment and Settlement Systems Act, 2007.

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