Current Affairs · Banking Regulations
Under the regulatory updates issued by the RBI concerning Prepaid Payment Instruments (PPIs), which operational mandate was confirmed?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Wallet-to-wallet transfers have been prohibited entirely.
- 2Interoperability via UPI/card networks is mandatory for all fully operational PPI wallets, excluding gift cards.✓
- 3PPIs must comply with full KYC even for balances below ₹10,000.
- 4PPIs can now offer credit lines without explicit RBI approval.
Correct answer
Interoperability via UPI/card networks is mandatory for all fully operational PPI wallets, excluding gift cards.
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