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RBI allowed banks and non-banking financial institutions to issue PPI (prepaid cards) for payment for public transport systems. This will make it easier for people to travel in public transport.
Payment is made first under prepaid card. With their arrival, commuters will have alternatives to paying fares other than cash. The RBI said in a notification that this tool will facilitate safe, convenient and fast digital payment for commuters. Public transport systems in the country serve a large number of passengers every day.
The government has allowed the GST network to share its data with the RBI's 'Public Take Platform for Frictionless Credit' on the consent of registered businesses. This step will help business units to get credit faster based on GST related information.
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The post You will be able to pay for travel in public transport with a prepaid card, RBI has given a big relief appeared first on Daily Post Punjabi.
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