Uni Cards suspends two products in line with RBI's direction on PPI cards | Mint - Mint

In June, the central bank prohibited non-back prepaid payment instruments (PPIs) issuers from providing credit lines on PPI cards. Thereby, Uni Cards has decided to halt onboardings.

Uni Cards, a prepaid payment platform, on Friday announced the suspension of their services of its two products following RBI's direction. In June, the central bank prohibited non-back prepaid paymen… [+1599 chars]

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