Money kept in various cash wallets can be withdrawn from ATM and PoS terminals soon
- The Reserve Bank of India announced this decision after a meeting of the Monetary Policy Committee's Meeting.
- At present Reserve Bank of India has permitted 35 prepaid payments instruments i.e. PPI.
- It includes Delhi Metro Card, Amazon Pay, Phonepe, Ola Money, Mobikwick wallet etc.
- Money can be loaded in these wallets, it can be transferred to another wallet or bank account or it can be used to make payment during online transactions.