मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
How UPI access will make digital wallet users' life easier
Mint New Delhi
|January 03, 2025
The initiative aims to incorporate PPIs into the UPI ecosystem to improve interoperability between players
The Reserve Bank of India (RBI), on 27 December, allowed full-KYC prepaid payment instrument (PPI) holders to make UPI (Unified Payment Interface) transactions via third-party apps.
So far, UPI payments from and to a PPI could only be made through the PPI issuer's app. On the other hand, payments to and from a bank account could be carried out using the bank's UPI app or any third-party app—a facility that is now being extended to PPI issuers.
A PPI issuer may "facilitate the discovery of its full-KYC PPIs on third-party UPI mobile applications, which, in turn, shall enable such PPIs to be linked to their PSP (payment service provider) handle/s", the central bank notified, adding that such transactions from PPIs, using third-party UPI apps, will be authenticated using UPI credentials.
Mint explains:
What are PPIs?
यह कहानी Mint New Delhi के January 03, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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