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RBI Allows UPI Access via Third-Party Payment Apps
The New Indian Express Mysuru
|December 28, 2024
The Reserve Bank on Friday allowed the popular unified payments interface (UPI) access to prepaid payment instruments (PPIs) through third-party applications, making it easier for users to link their digital wallets to UPI-enabled apps.
In a circular issued to prepaid payment instrument issuers—banks and non-banks, the National Payments Corporation (NPCI) and system participants on Friday, the central bank said henceforth, all prepaid payment instruments (PPIs) can access the UPI through the third-party applications.
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