Payments council urges RBI to treat full KYC prepaid instruments like bank accounts - Moneycontrol
6/25/2022 12:00:00 AM2 years 10 months ago
by Priyanka Iyer
by Priyanka Iyer
The Payments Council of India's letter estimates that over 10 million credit-linked prepaid instruments are active currently with over Rs 3,500 crore of payment volumes processed in May 2022.
The Payments Council of India (PCI), the apex body of payments and settlement players in the country, has written to the Reserve Bank of India (RBI) requesting the regulator to treat Prepaid Payment … [+3440 chars]
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