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RBI Doubles balance limit on digital wallets to Rs. 20,000 per month

In order to meet the transactional needs of the public through digital means, the Reserve Bank has introduced additional measures by way of special dispensation for small merchants and enhancement in limits for semi-closed Prepaid Payment Instruments (PPIs). A special dispensation has now been enabled for small merchants whereby PPIs issuers can issue PPIs to

RBI Doubles balance limit on digital wallets to Rs. 20,000 per month Read Post »

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