 "Digital Payment")
The roller coaster ride continues for digital money players. From an initial high of more than 450 million new customers soon after demonetisation, many are staring at a massive loss of user base, thanks to the new Reserve Bank of India (RBI) guidelines prepaid payment instruments (PPIs).
On Wednesday, the RBI issued a series of guidelines, setting a road map for full operability between all Know Your Customer (KYC)-compliant wallets. However, if existing PPI customers did not share KYC details by the year-end, they would be converted to the minimum-slab PPI holders by January next year.
Digital transaction players are
