SEARCHED FOR: Prepaid Payment Instruments

Payments Council of India (PCI) has announced the appointment of Vishwas Patel, Director, Infibeam Avenues, as its new Chairman.

Infibeam has said it has received shareholders’ approval to expand business in IT segment, set up a payments bank and raise Rs 2,000 crore.

The government has released draft guidelines for transactions made through prepaid payment instruments (PPIs) like mobile wallets, smart cards and paper vouchers and also sought feedback from various stakeholders

Tel Aviv based on-device fraud prevention solution firm Paygilant said that it met the Reserve Bank of India's (RBI) most recent Prepaid Payment Instruments (PPI) guidelines which require PPI issuers to meet the challenges of fraud and customer protection with a strong risk management system in place

Redmi 5, Redmi Note 5, Redmi Note 5 Pro sales will go live at 12 pm on Friday. As informed by the company, the Redmi 5 series will be sold at Amazon India and Mi.com. On the other hand, Redmi Note 5 and Redmi Note 5 Pro will be exclusively available at Flipkart and Mi.com.