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BRIEF-RBI says only non-bank entities authorised by it can issue PPI wallets
March 30, 2017 / 12:41 PM / 8 months ago

BRIEF-RBI says only non-bank entities authorised by it can issue PPI wallets

March 30 (Reuters) - Reserve Bank of India:

* RBI - RBI advisory on e-wallets

* RBI - only non-bank entities authorised by RBI can issue PPI wallets for purchase of goods and services from third parties and money transfer within India

* RBI - only permitted banks can issue PPI wallets which can be used for withdrawing cash. Source text - (bit.ly/2nyUBkM)

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