UPI Rule Change
The recent rule change by the Reserve Bank of India (RBI) now allows money stored in Prepaid Payment Instruments (PPIs) to be used across any Unified Payments Interface (UPI) app, regardless of the issuing entity. Effective from April 1, 2024, this change aims to enhance financial inclusion and convenience by enabling interoperability among digital wallets, cards, and vouchers. This significant move is expected to promote a broader adoption of digital transactions across the country, fostering a more integrated digital economy.
