Important Changes to UPI Rules: What You Need to Know

The Reserve Bank of India (RBI) has proposed allowing prepaid payment devices to make payments using third-party UPI applications. What does this mean for thousands of UPI customers?

If you use Paytm, PhonePe, or Amazon Pay, you likely use a prepaid payment instrument (PPI). Customers have often complained that they cannot use money deposited in these wallets to make payments on other companies' platforms or scanners.

https://www.jaagrukbharat.com/Making-UPI-Payments-Know-RBI-New-Rule-First-NDQw

 

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