<p> Mumbai: Reserve Bank on Friday permitted banks and non-banking institutions to issue pre-paid instruments (PPIs) for making payments across various public transport systems.</p>.<p> With the introduction of these instruments, commuters will have more options to pay for tickets besides cash mode.</p>.Inflation dominated RBI’s Feb MPC meet, show minutes.<p> The instrument will provide convenience, speed, affordability, and safety of digital modes of payment to commuters for transit services, RBI said in a notification.</p>.<p> Public transport systems across the country cater to a multitude of commuters on a daily basis, it said.</p>
<p> Mumbai: Reserve Bank on Friday permitted banks and non-banking institutions to issue pre-paid instruments (PPIs) for making payments across various public transport systems.</p>.<p> With the introduction of these instruments, commuters will have more options to pay for tickets besides cash mode.</p>.Inflation dominated RBI’s Feb MPC meet, show minutes.<p> The instrument will provide convenience, speed, affordability, and safety of digital modes of payment to commuters for transit services, RBI said in a notification.</p>.<p> Public transport systems across the country cater to a multitude of commuters on a daily basis, it said.</p>