Stripe has introduced Link, a digital wallet designed for everyday payments and for the next wave of AI agents. Users can connect cards, banks, and subscriptions, then grant AI agents permission to spend through secure approval flows—aiming to automate shopping without handing over full control.
The RBI has released draft Master Directions on Prepaid Payment Instruments (PPIs) to replace the 2021 framework, tightening oversight for banks, fintechs and wallet operators. The proposal sharply categorises PPIs by KYC levels, sets strict monthly and outstanding caps, expands UPI-linked options for foreign visitors, and mandates escrow, reporting, and clearer customer disclosures—while limiting cross-border use.
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