The draft proposes full-KYC and small PPIs as general-purpose wallets, alongside special-purpose PPIs.
Special versions include Gift PPIs (₹10,000 limit, valid for one year) and Transit PPIs (no KYC needed, never expire).
Foreign nationals or NRIs could get wallets with up to ₹5 lakh.
Plus, nonbank wallet providers will need to meet stricter rules, and all terms and fees must be clearly shared with users.