RBI proposed allowing UPI payments from Prepaid Payment Instruments (PPI) wallets through third-party UPI apps. Presently, UPI payments from PPIs are limited to using the web or mobile app provided by the PPI issuer. - Newsx
RBI said: "The RBI Retail Direct Scheme was launched in November 2021. It is now proposed to launch a mobile app for accessing the Retail Direct portal. This will be of greater convenience to retail investors and deepen the G-sec market."
RBI Retail Direct Mobile App: The central bank announced the launch of mobile app for RBI Retail Direct portal for investing in government securities. This will make it easier for retail investors to buy, sell and invest in central government bonds, state government bonds, treasury bills, Sovereign Gold Bonds via Retail Direct Portal. The RBI launched the RBI Direct Scheme in November 2021 to make it easier for common man to invest.
The RBI s G-Sec App, part of the Retail Direct Scheme, simplifies the process of investing in government securities for retail investors. The app provides a user-friendly interface for buying and selling securities, enhancing accessibility and transparency in the G-Sec market. Market participants believe that the app will lower transaction costs and attract more investors to G-Sec investments.