RBI expands digital fund limit to Rs 2 lakh, allowing Prepaid Payment Instruments interaction
The Reserve Bank of India (RBI) has approved the collaboration of Prepaid Payment Instruments (PPIs) to increase the account limit to Rs 2 lakh of digital wallets. This was part of a larger Bank of Monetary Policy Committee (MPC) move announced on April 7.In a statement in this regard, the RBI stated that this “promotion …