RBI GUIDELINES FOR THE INTEROPERABILITY OF PREPAID PAYMENT INSTRUMENTS : A BOOST FOR DIGITAL WALLETS?

Published On: 30/10/2018

Authors:

Namita Viswanath
On October 16, 2018, the RBI issued guidelines for the interoperability of know-your-customer compliant prepaid payment instruments, which were widely anticipated ever since the RBI issued master directions on this subject in 2017. INDUSLAW's Namita and Savithran discuss the key takeaways from these guidelines, and their potential effect on the rapidly growing digital wallets space in India.