https://www.taxtmi.com/news?id=21665 The regulatory framework permits issuance of Prepaid Payment Instruments (PPIs) on the basis of minimal customer details for a limited period, during which full KYC must be completed; if KYC is not completed within the prescribed period, no further loading is permitted though existing balances may be used to purchase goods and services. This operates alongside government incentive measures reimbursing merchant charges for small-value UPI and related transactions to promote wider adoption of digital payments. en-us Wed, 10 Jul 2019 09:58:31 +0530 Wed, 10 Jul 2019 09:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21665 The regulatory framework permits issuance of Prepaid Payment Instruments (PPIs) on the basis of minimal customer details for a limited period, during which full KYC must be completed; if KYC is not completed within the prescribed period, no further loading is permitted though existing balances may be used to purchase goods and services. This operates alongside government incentive measures reimbursing merchant charges for small-value UPI and related transactions to promote wider adoption of digital payments. News - Wed, 10 Jul 2019 09:58:31 +0530 https://www.taxtmi.com/news?id=21665