Tuesday, December 24, 2019

RBI introduces new Prepaid Payment Instrument for your daily grocery payments

The newly introduced payment instrument can be issued by banks and existing non bank PPI players. These companies would be able to verify credentials of customers seeking to open their PPI accounts using an OTP sent to user's verified mobile number and a digital identification document recognized by the Department of Revenue, the banking regulator said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QbTzdm

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