Current Affairs · Banking Regulations
Regarding the UPI wallet services introduced for teenagers by entities like JPPL, consider the following statements: 1. The issuer must be authorized by RBI as a Prepaid Payment Instrument (PPI) issuer. 2. Teenagers can perform UPI payments up to a specified limit without holding a direct bank account. 3. All individual payments made by teenagers must be routed and approved in real-time through the parents' UPI application. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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1 and 2 only
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