New Delhi, May 21 -- Stakeholders from the fintech, legal and digital payments sectors have raised concerns that proposed changes to the Reserve Bank of India's draft framework on Prepaid Payment Instruments (PPIs) could adversely affect more than 110 million Indians who use prepaid wallets for daily transactions.

The concerns were raised during a high-level stakeholder consultation organised by Policy Consensus Centre on the Reserve Bank of India's proposed Draft Master Direction on Prepaid Payment Instruments.

The discussion brought together industry leaders, fintech experts, legal professionals and payments ecosystem participants to examine the economic, operational and financial inclusion impact of the proposed framework.

Industry ...