📝 One-liners · 65 cards
MULTI-CURRENCY FOREIGN TRAVEL CARD, PREPAID CARDS, PPIs, CLASSFICATION OF PPIs, CLOSED SYSTEM PAYMENT INSTRUMENTS, FULL KYC PPIs, FOREIGN EXCHANGE PPIs, PPIs FOR CROSS BORDER INWARD REMITTANCES, RUPEE DENOMINATED PPIs
What is a Multi-Currency Foreign Travel Card?
A Multi-Currency Foreign Travel Card is a prepaid card that can be loaded with multiple foreign currencies, allowing travellers to make payments abroad in local currencies without carrying cash.
What is the maximum number of currencies that can be loaded on a Multi-Currency Foreign Travel Card?
Typically up to 16 currencies can be loaded simultaneously.
Which regulatory authority governs the issuance of Prepaid Payment Instruments (PPIs) in India?
The Reserve Bank of India (RBI) governs the issuance and operation of Prepaid Payment Instruments (PPIs) under the Payment and Settlement Systems Act, 2007.
What type of PPI is a gift card issued by a retail store usable only at that store's outlets?
It is a Closed System Payment Instrument.
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