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RBI draft rules tighten PPI compliance while expanding UPI linked wallets for foreign visitors
Economy
Published on 24 April 2026
Foreign visitors may soon get UPI linked wallets, but rules tighten fast
The RBI has released draft guidelines for prepaid payment instruments, focusing on stronger compliance and better customer protection. The proposal highlights expanded use of UPI-linked wallets for foreign visitors and deeper integration between prepaid instruments and UPI rails. The RBI also plans stricter handling of dormant balances, signaling tighter oversight for issuers and platforms.
- RBI issues draft PPI norms to boost compliance and customer protection
- UPI-linked wallets for foreign visitors are a key proposed expansion
- Rules push for tighter integration of PPIs with UPI
- Dormant balances face stricter management requirements
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times