RBI introduces prepaid cards for mass transit systems
Author: Vivina Vishwanathan - Published 2015-07-09 01:27The Reserve Bank of India (RBI) on Thursday introduced a new category of semi-closed prepaid payment instruments (PPIs) for mass transit systems.
In its guidelines, the central bank said these cards will be issued by mass transit system operators such as metro rail networks and bus or taxi service providers, and can be used for transportation within these systems.
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