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BluSmart Collapse Puts E-Wallet Risks Under RBI Scrutiny

Mint Bangalore

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May 15, 2025

RBI Is Considering Escrow Mandates and Expanding PPI Guidelines to Protect Consumer Balances in App-Specific Wallets

- Bloomberg

India's central bank is scrutinizing some digital wallets associated with electric-vehicle players after the sudden collapse of the country's largest all-EV taxi service left users unable to access money tied to their accounts, people familiar with the matter said.

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