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Now, you can use RBI's prepaid card for small-ticket retail purchases

When it comes to safety, this card will be on a par or perhaps even better

Topics
Reserve Bank of India RBI | digital payment wallet | payment systems

Bindisha Sarang  |  New Delhi 



CREDIT CARDS, CREDIT CARDS ADVANTAGE, BENEFITS OF MULTIPLE CREDIT CARDS, CREDIT CARD TRANSACTION, Credit Utilisation Ratio, CUR,

There is no shortage of payment options in India. Besides cash, credit and debit cards, there is Unified Payments Interface and several digital wallets like Paytm. The Reserve Bank of India this week has permitted another option — a semi-closed prepaid payment instrument (PPI) that can be used to purchase goods and services. But it cannot be used to make fund transfers.

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First Published: Thu, December 26 2019. 20:44 IST

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