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Fintech start-up Slice will now offer its customers real-time term loans on each transaction rather than a revolving credit line
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Fintech start-up Slice will now offer its customers real-time term loans on each transaction rather than a revolving credit line
RBI's fine is an indication of its continued scrutiny of PPIs
Non-banks issuing prepaid payment instruments (PPIs) like wallets and prepaid cards cannot offer customers a credit line, RBI said.
Compared to the previous month, April saw a decline in the number of transactions for both PPIs and Mobile Wallets but the average transaction...
Apart from a surge in cardholders, the data revealed that transaction amounts across several Point of Sale terminals also increased over the past few...
Digital payment transactions through Prepaid Payment Instruments — which includes both Mobile Wallets and PPI Cards combined —stood 438.7 million transactions at the end...
While digital payment adoption began to grow significantly post demonetisation, the COVID-19 pandemic accelerated this shift over the last year, according to PwC India’s...
For the month ending June 30, 2020, the number of transactions using Prepaid Payment Instruments — which includes both Mobile Wallets and PPI Cards...
For the month ending May 31, 2020, the number of transactions using Prepaid Payment Instruments (which includes both Mobile Wallets and PPI Cards combined)...
The Reserve Bank of India (RBI) has proposed the introduction of a new type of Prepaid Payment Instrument (PPI) which can be used only...
