By Anita Baid, (finserv@vinodkothari.com) With an enlarged view of the Government to make India go cashless and straddle towards the concept of digitalisation, many companies, specifically NBFCs are seeking approval from the Reserve Bank of India (RBI) to set up business in Prepaid Payment Instruments (PPI). Before getting into the present regulatory framework of such … Continue reading Regulations on Prepaid Payment Instruments -Comparing the Master Circular and Master Directions