Opinion | RBI’s advice on interoperability of PPIs consumer-friendly step2 min read . Updated: 23 Oct 2018, 11:12 PM IST
It will benefit consumers and allow them to seamlessly transfer money between different instruments
Last week’s Reserve Bank of India (RBI) guidelines on interoperability of prepaid payment instruments (PPIs) was a much-awaited step under the revised PPI road map announced in December 2017. Individuals can now freely move money from a know-your-customer (KYC)-compliant digital wallet offered by one company to those run by another and, eventually, to bank accounts.
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