कोशिश गोल्ड - मुक्त

Prepaid Transit Instruments

Outlook Money

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March 2024

The Reserve Bank of India (RBI) has recently introduced a measure aimed at simplifying payment methods for commuters across various public transport systems.

- Meghna Maiti

Prepaid Transit Instruments

According to the RBI statement, "To provide convenience, speed, affordability, and safety of digital modes of payment to commuters for transit services, it has been decided to permit authorised bank and non-bank PPI issuers to issue PPIs for making payments across various public transport systems."

These instruments, known as prepaid payment instruments-mass transit systems (PPI-MTS), are set to change the way commuters manage their travel expenses.

WHAT ARE THESE?

PPI-MTS enables authorised banks and non-banks to issue specialised PPIs for payment towards public transport.

Outlook Money

यह कहानी Outlook Money के March 2024 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

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