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⍰ ASK What types of financial services are electronic money institutions allowed to provide in India?

In India, electronic money institutions are like the superheroes of digital money. They offer all kinds of cool services to meet people's changing needs. One standout is the Prepaid Payment Instruments (PPIs), which you might know as digital wallets or cards.

Think of the digital wallet as a virtual piggy bank on your phone. It's super easy to use with mobile apps, letting you stash cash and do all sorts of money stuff. These institutions also help with sending money within the country and even across borders, making life more convenient for everyone.

They also make it easy to pay for things without using cash. Whether you're buyingonline or in a store, electronic money services got you covered. And with mobile banking features, you can keep track of your money and do things like checking balances and moving funds around.
 

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