RBI draft wallet curbs threaten fintech growth; Paytm, Mobikwik face redraw of strategy
RBI's proposed PPI rules cap P2P transfers at ₹25,000/month, cash loading at ₹10,000, and wallet balances at ₹2 lakh, pressuring fintechs that processed 695M transactions worth ₹22,448 crore. Industry, led by Paytm and Mobikwik with 110M active users, is lobbying for phased rollout.
RBI draft PPI rules cap wallet P2P at ₹25,000/month and balances at ₹2 lakh, forcing Paytm and Mobikwik to redraw fintech strategy.
The Hindu BusinessLine · 6/1/2026, 3:41:13 PM · Ask about this →