Changing Face Of The PPI Linked Buy Now Pay Later

The Reserve Bank of India (RBI) issued a letter to all the authorized non-bank prepaid payment instruments (“PPIs”), stating that PPIs must not be loaded through credit lines, as the PPI Master Directions, 2021, do not permit the loading of PPIs from credit lines. Avisha Gupta and Ananya Mishra share their views on the questions raised on PPI-linked BNPL business models offering credit lines to the end users in an article titled – ” ” published in Mondaq.