Source: Reuters (via feed)
India’s markets regulator on Monday proposed allowing gift cards or prepaid payment instruments (PPIs) for mutual fund investments. The move aims to improve financial inclusion through onboarding new investors. This information was published in a consultation paper on the regulator’s website.
The proposal pertains to the use of gift cards or PPIs specifically for mutual fund investments. Details about the operational aspects or further intentions were not provided in the paper.
BizTrendWire Insight:
This proposal involves novel payment methods for mutual fund investments. It relates to efforts aimed at financial inclusion.
This proposal involves novel payment methods for mutual fund investments. It relates to efforts aimed at financial inclusion.
