The Reserve Bank of India (RBI) today rationalised the categories and value limit of pre-paid payment cards to three broad categories from five earlier. The pre-paid cards, technically known as semi-closed pre-paid instruments (PPI) are convenient alternatives to cash and cheques. These are mainly issued by banks and Non-Banking Financial Companies (NBFCs) on payment of specified amount and are used for purchasing goods and services from limited outlets........
Read - HBL
No comments:
Post a Comment