THE RESERVE BANK of India (RBI) on Friday allowed prepaid payment instrument (PPI) holders to make and receive UPI payments through third-party mobile applications. The move will allow users to link their digital wallets to UPI-enabled apps.
"It has been decided to enable UPI payments from/to full-KYC PPIs via third-party UPI applications. This will enable PPI holders to make/receive UPI payments through the mobile application of third-party UPI applications," said RBI in a notification.
This story is from the December 28, 2024 edition of Financial Express Pune.
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This story is from the December 28, 2024 edition of Financial Express Pune.
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emissary he had deployed. Although sceptical, I bounded off to North Block and was ushered in. It was my first official meeting with the FM. I conveyed the request, not a direction, of the prime minister. Dr Singh was puzzled — I could see that on his face — by the message or, perhaps, the messenger. He listened politely and told me that the second step had already been taken within minutes of the markets opening at 10 am.
