Wednesday, April 1, 2026
HomeFundingApproval by the RBI for digital payments to be used for public...

Approval by the RBI for digital payments to be used for public transportation

Published on

spot_img

The RBI has approved the use of digital payments for public transportation by allowing authorized PPI issuers to issue prepaid cards and wallets for commuters to use across various modes of transport. 

This decision aims to provide convenience, speed, affordability, and safety in digital payment options for transit services. Previously, the RBI required issuers to obtain permission before introducing mass-transit payment instruments. 

The PPIs for public transport will have a limit of up to ₹3,000, as per RBI regulations. This move is seen as a step towards modernizing transit systems and improving the overall transportation experience for commuters.

For more information visit at https://happenrecently.com/zepto/?amp=1

Latest articles

HR Professional Turned Filmmaker: Rajesh Babu K Sooranad Makes Directorial Debut with Ennum: Forever, Expands Creative Footprint in Malayalam Cinema

Kozhikode: The inspiring journey of Rajesh Babu K Sooranad continues to gain momentum as...

Daily Horoscope for 31 Mar 2026 — Tuesday

Here's your daily horoscope for 31 Mar 2026. Find your sign below for guidance,...

All Episodes of ‘Candid Talks with RV’ Set to Be Deleted Amid Legal Concerns”

India | March 2026 In a development that has rapidly captured attention across digital and...

LorryMama Focuses on App-Based Logistics to Simplify Transport Across India

LorryMama, a logistics startup, has launched its mobile app with a clear goal. It...

More like this

Cultfit Secures $47 Million Funding: A Big Boost to India’s Fitness Startup Ecosystem

India’s startup ecosystem is witnessing rapid growth, especially in the health and fitness sector....

PackVision Expo to gather industry leaders in Pune

Major FMCG players including Flipkart, Big Basket, Zepto, Suhana, Bisleri, Keya Foods and many...

BEML Approves ₹1,500 Crore BRAHMA Rail Plant in Madhya Pradesh Boost for Make in India

From foundation stone to production: How this boosts Indian Railways and local economy In a...