The Economic Times

RBI sharpens compliance norms, expands use cases of UPI-linked wallets for foreign visitors under draft PPI norms

The Reserve Bank of India has unveiled draft guidelines for prepaid payment instruments. These new rules aim to strengthen compliance and customer protection. A key proposal includes UPI-linked wallets for foreign visitors. The framework also pushes for deeper integration of prepaid instruments with UPI. Dormant balances will be managed more strictly.