OmniCard becomes 1st RBI licensed PPI to launch cash withdrawal across all ATMs PAN India

Daily Current Affairs / OmniCard becomes 1st RBI licensed PPI to launch cash withdrawal across all ATMs PAN India

Change Language English Hindi

Category : Business and economics Published on: June 15 2022

Share on facebook

OmniCard has announced that it became the 1st RBI licensed PPI (prepaid payment instrument) to launch cash withdrawal using a RuPay-powered card from any ATMs across the country.
The move came in after RBI permitted the non-bank licensed entities to enable cash withdrawals from the digital wallets.
Sanjeev Pandey, OmniCard Co-Founder and CEO said that they provide an alternative platform for users to keep their bank account safe where savings are stored from cyber frauds using digital wallets linked with Rupay Card and UPI.

The Indian Navy launched the IOS SAGAR Initiative 2026 to boost maritime cooperation in the Indian Ocean Region.
Read More....
Bharat Electricity Summit 2026 began in New Delhi with global participation focusing on clean energy and innovation.
Read More....
William Dalrymple won the Mark Lynton History Prize 2026 for his book “The Golden Road.”
Read More....
Scientists discovered a 289-million-year-old reptile skin fossil in Oklahoma, the oldest known example.
Read More....
Bhumika Shrestha became Nepal’s first transgender woman Member of Parliament.
Read More....
ITDC launched the Tribal Homestay Capacity Building Program 2026 to promote sustainable tourism.
Read More....
OpenAI introduced GPT-5.4 mini and nano models for faster, cost-efficient AI performance.
Read More....
Algeria offers the cheapest LPG globally due to abundant gas reserves and subsidies.
Read More....
The Supreme Court granted equal maternity leave to adoptive mothers, removing age restrictions.
Read More....
India became the world’s third-largest metro network with over 1,143 km operational lines.
Read More....

OmniCard becomes 1st RBI licensed PPI to launch cash withdrawal across all ATMs PAN India