A PPI can be used to buy goods and services as well as transferring/sending money to a friend, family, etc. Some of the prominent PPIs include Paytm, Mobikwik (semi-closed system PPIs), Gift card (closed system PPIs), Travel/Debit/credit cards (open system... (More)
Financial Instrument0 followers0 questions9 posts
Do you have questions about Financial Instrument?
Log in to ask questions about Financial Instrument publicly or anonymously.
PPIs are instruments that facilitate the purchase of goods and services, including financial services, remittance facilities, etc., against the value stored on such instruments.
At present, RBI allows only three kinds of PPIs including closed system, semi-closed and open PPIs.... (More)