{"id":891417,"date":"2024-12-28T08:49:04","date_gmt":"2024-12-28T03:19:04","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=891417"},"modified":"2024-12-28T09:10:58","modified_gmt":"2024-12-28T03:40:58","slug":"rbi-allows-upi-access-for-prepaid-payment-instruments-via-third-party-applications-heres-what-it-means","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/28\/rbi-allows-upi-access-for-prepaid-payment-instruments-via-third-party-applications-heres-what-it-means\/","title":{"rendered":"RBI allows UPI access for prepaid payment instruments via third party applications: Here\u2019s what it means"},"content":{"rendered":"<p>The Reserve Bank of India (RBI) on Friday, December 27, allowed prepaid payment instrument holders to make and receive unified payments interface (UPI) payments through third-party mobile applications. The central bank said in a circular today that it has decided to enable UPI payments from\/to full-KYC prepaid payment instruments (PPIs) through third-party UPI apps. <\/p>\n<p>\u201cA PPI issuer shall enable holders of only its full-KYC PPIs to make UPI payments by linking its customer PPIs to its UPI handle. UPI transactions from PPI on the issuer&#8217;s application shall be authenticated using the customer&#8217;s existing PPI credentials,\u201d said the RBI in its circular today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India (RBI) on Friday, December 27, allowed prepaid payment instrument holders to make and receive unified payments interface (UPI) payments through third-party mobile applications. The central bank said in a circular today that it has decided to enable UPI payments from\/to full-KYC prepaid payment instruments (PPIs) through third-party UPI apps. \u201cA PPI issuer shall enable holders of only its full-KYC PPIs to make UPI payments by linking its customer PPIs to its UPI handle. UPI transactions from PPI on the issuer&#8217;s application shall be authenticated using the customer&#8217;s existing PPI credentials,\u201d said the RBI in its [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-891417","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/891417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=891417"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/891417\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=891417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=891417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=891417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}