Credit Card Master Directions

RBI guidance on loading of PPIs through credit lines

On June 20, 2022, the Reserve Bank of India (RBI) clarified to authorised non-bank prepaid payment instrument (PPI) issuers that PPIs may not be loaded from credit lines, and any such practice should be stopped immediately.

Continue Reading FIG Paper (No. 13) – RBI guidance on loading of PPIs through credit lines