The Reserve bank of India authorizes all Pre-paid Instruments (PPI) in India, under the powers conferred under the Payment and Settlement Systems Act, 2007 (PSS Act).
Union Ministry of Rural Development implements the 'Pradhan Mantri Gram Sadak Yojana' scheme, with National Rural Infrastructure Development Agency (NRIDA) as the nodal implementation agency.
The Airtel Payments Bank and ICICI Lombard General Insurance Company joined hands to offer insurance solutions against cyber crimes and financial frauds.