RBI wallet curbs threaten Paytm, Mobikwik growth models
Draft PPI framework caps wallet P2P transfers at ₹25,000/month, cash loading at ₹10,000, and balances at ₹2 lakh — squeezing fintechs that processed 695M transactions worth ₹22,448 crore. Paytm (110M users) and Mobikwik most exposed; industry pushing for phased rollout.
RBI's draft PPI norms cap wallet P2P at ₹25,000/month and balances at ₹2 lakh, squeezing Paytm and Mobikwik growth models.
The Hindu BusinessLine · 6/1/2026, 2:53:04 PM · Ask about this →