Relief to e-wallets: RBI extends KYC compliance norms by 6 months
E-wallet companies were caught in a bind over looming deadline as companies were apprehensive that they will not be able to meet the central bank's deadline to complete KYC of all customers by February-end.
![Relief to e-wallets: RBI extends KYC compliance norms by 6 months Relief to e-wallets: RBI extends KYC compliance norms by 6 months](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2019/02/25/75880-rbi-logo-gate-reuters.jpg?itok=amL9I-rH&c=fcf6d5ca235c1c09d5130ee3af7c4900)
PPIs are instruments that facilitate purchase of goods and services, including financial services and remittance facilities, against the value stored on such instruments.Image source: Reuters