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Non-banks issuing prepaid payment instruments (PPIs) like wallets and prepaid cards cannot offer customers a credit line, RBI said.
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Non-banks issuing prepaid payment instruments (PPIs) like wallets and prepaid cards cannot offer customers a credit line, RBI said.
This sends a strong message to others in the digital lending space.
The first two cohorts under the RBI's sandbox pertained to regulations on other issues like retail payments.
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