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Relief to e-wallets: RBI extends KYC compliance norms by six months

Updated : February 25, 2019 10:50 PM IST

PPIs are instruments that facilitate purchase of goods and services, including financial services and remittance facilities, against the value stored on such instruments.
E-wallet companies were caught in a bind over looming deadline as companies were apprehensive that they will not be able to meet the central bank's deadline to complete KYC of all customers by February-end.
Relief to e-wallets: RBI extends KYC compliance norms by six months

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