12/01/2024
Types of Prepaid Wallets License-
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Closed Payment System:
It is a fund issued by a company to a consumer to purchase goods and services only from that company. Example: , , etc.
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Small PPI Payment System:
Small PPI funds refer to those funds that can be used to purchase goods and/or services such as that fund as a payment tool that can be used by a clearly identified merchant who makes a direct agreement with the issuer without a payment instrument. Example: , etc.
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Full KYC Payment System:
It is used to purchase goods and services and also allows for ATM withdrawals.
Example: , , .
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