RBI Proposes Higher Net Worth, Tighter KYC Norms For Pre-Paid Instruments
A person shows the Aadhaar app on his mobile phone (Photo: The Quint)

RBI Proposes Higher Net Worth, Tighter KYC Norms For Pre-Paid Instruments

The Reserve Bank of India (RBI) on Monday proposed to raise the capital requirement for entities offering pre-paid instruments (PPIs), including mobile wallets, as it seeks to strengthen regulation...
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