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The RBI initiative that enables interoperable prepaid payment instruments across issuers is called ________ Wallet.

  1. Hashing
  2. mBridge / Multi-CBDC
  3. Common
  4. Parameter

Answer: Common

Common Wallet framework (proposed by RBI) aims to enable interoperability among PPIs (wallets) so users can transact across different wallet providers seamlessly. Similar to UPI's interoperability for bank accounts. Would enhance competition, user choice, and financial inclusion. Implementation details and timeline under regulatory consultation.

Topic Fintech Innovations
Exam Relevance Banking, SSC, Railway
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