RBI allows UPI access through prepaid payment instruments for full-KYC third-party applications
Mumbai (Maharashtra) [India], December 27 (ANI): The Reserve Bank of India has allowed UPI to enable payments from KYC Prepaid Payment Instruments (PPIs) through third-party UPI applications.
It was initially announced by the Reserve Bank in early April this year.
This will enable PPI holders to make or receive UPI payments through the mobile application of third-party UPI applications.
Earlier, UPI payments from or to a