Now, you can add up to ₹2 lakh in Paytm, PhonePe and other wallets
Now, users of PPIs like wallet and prepaid cards issued by non-banks would be able to withdraw cash
Money transfer facilities such as NEFT and RTGS have also been extended to non-bank payment system operators
To promote digital transactions in the country, the Reserve Bank of India (RBI) on Wednesday hiked the limit of outstanding balance in wallets to ₹2 lakh. Earlier, the limit was ₹1 lakh for any wallets or cards.