LivQuik, a prepaid payment instrument (PPI) issuer, announced that it has achieved full interoperability for its Prepaid Payment Instruments, as mandated by the Reserve Bank of India. According to the firm, it is also the first PPI issuer to achieve full interoperability. PPI issuers must enable full-KYC wallet interoperability by March 31, 2022, according to RBI rules.
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About LivQuik:
LivQuik is a Mumbai-based Fintech startup that was recently onboarded to global payment network VISA‘s Fintech Fastrack Program as a Prepaid Payment Issuer and Full Fledged Money Changer (FFMC) by the Reserve Bank of India. With its enterprise-grade wallet platform and SAAS based Gifting platform, LivQuik provides the Fintech infrastructure to enable Prepaid Payments and manages highly scalable technology across the payments value chain for the Retail industry.
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