PPI

byPaytm Editorial TeamLast Updated: August 12, 2025

Definition

The full form of PPI is Prepaid Payment Instruments. These are methods that store prepaid value for making purchases, remittances, or other financial transactions.

Key Points

  • Includes prepaid cards, digital wallets, vouchers
  • Requires KYC as per RBI guidelines
  • Convenient for online and offline use
  • Limits and features vary by type of PPI

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

Taxation: Meaning and TypesLast Updated: October 14, 2024

What is Taxation? It is a process where the government collects monetary contributions from individuals, businesses and entities…

Business CorrespondentLast Updated: September 10, 2025

Meaning A Business Correspondent (BC) is a person or company appointed by banks to provide banking services in…

Budget AllocationLast Updated: January 28, 2026

Meaning Definition Budget Allocation is the process of distributing available financial resources among different departments, projects, or categories…

Fuel SubsidyNovember 1, 2025

Meaning Definition A Fuel Subsidy involves a government paying a portion of the fuel price, reducing the cost…

UPI Account ReactivationLast Updated: October 21, 2025

Meaning UPI Account Reactivation is the process of restoring access to your UPI services after they’ve been blocked…