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 – “𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐅𝐚𝐜𝐞 𝐎𝐟 𝐓𝐡𝐞 𝐏𝐏𝐈 𝐋𝐢𝐧𝐤𝐞𝐝 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐏𝐚𝐲 𝐋𝐚𝐭𝐞𝐫” published in Mondaq.
