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RBI Allows PPIs To Use UPI Via Third-Party Apps

  • The RBI has announced that Prepaid Payment Instruments (PPIs) with full KYC can now make UPI payments through third-party apps.
  • Previously, users were restricted to using UPI services via apps provided by their wallet issuers.
  • PPI issuers can now allow full-KYC PPI holders to link their wallets to their UPI handle and make payments using their existing PPI credentials.
  • The new guidelines aim to provide more options for PPI holders to use their wallets across different UPI platforms.

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