Sunday, April 12, 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

Strong Dashing Young Leader Puranmal Saini ( baliram saini) Emerges in Alwar District Politics

Grassroots leader builds political journey from Ramgarh with focus on development Puranmal Saini is emerging...

From Confusion to Clarity: How Aashif Ansari Built a Scalable Travel Lead Generation System

In an industry where most marketers chase trends, only a few focus on building...

Mrinal KJ to Represent India at Global Youth Consultation on Peace

Mrinal KJ will participate as a speaker at the International Youth Conference 13, a...

Evidence-Based Chiropractic Care for Spine-Related Disorders – Dr Abdul Hakeem

Neck stiffness, back pain, and posture-related pain have been a common occurrence in recent...

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...