RBI Draft PPI Rules Tighten Wallet Limits, Squeeze Paytm, PhonePe, MobiKwik
RBI's draft Prepaid Payment Instrument directions cap Full-KYC wallet P2P transfers at Rs 25,000/month, cash loads at Rs 10,000, and overall throughput at Rs 2 lakh—while pulling marketplace stored-value products under authorisation. The move reshapes economics for digital wallets and e-commerce checkout flows.
RBI's draft PPI directions tighten Full-KYC wallet limits—capping P2P transfers at Rs 25,000/month, cash loads at Rs 10,000, and throughput at Rs 2 lakh—while bringing marketplace stored-value products under authorisation, impacting digital payments and e-commerce wallets.