# Non-banks can't load credit lines on prepaid payment instruments, says RBI **URL:** \ **Category:** General\ **Tags:** news\ **Created:** [20 June 2022 19:35 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725 "2022-06-20T19:35:21Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![Mukesh\_kumar\_Bharti](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mukesh_kumar_bharti/32/21910_2.png) [@Mukesh\_kumar\_Bharti](https://community.jupiter.money/u/Mukesh_kumar_Bharti)\ **Post date:** [21 June 2022 07:00 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/21 "2022-06-21T07:00:56Z")
That doesn’t make him an expert on Finance. Many Bussiness man would have these cards but can’t say they are expert in these domains. ---
**Author:** ![CarolinMerces](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/carolinmerces/32/20885_2.png) [@CarolinMerces](https://community.jupiter.money/u/CarolinMerces)\ **Post date:** [21 June 2022 07:02 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/22 "2022-06-21T07:02:06Z")
Ahh, maybe but lets see what is going to happen ---
**Author:** ![nateavi](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/nateavi/32/10064_2.png) [@nateavi](https://community.jupiter.money/u/nateavi)\ **Post date:** [21 June 2022 07:28 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/23 "2022-06-21T07:28:55Z")
Just by holding an Amex card, he’s suddenly in the loop about RBI’ new regulations? Not stepping on toes, but that doesn’t make any sense. And if you re technoguy, I apologise about exercising my opinion, fren. 😄 ---
**Author:** ![CarolinMerces](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/carolinmerces/32/20885_2.png) [@CarolinMerces](https://community.jupiter.money/u/CarolinMerces)\ **Post date:** [21 June 2022 14:11 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/24 "2022-06-21T14:11:19Z")
Good bye my friend jupiter edge see you after 1-2 years ![IMG_20220621_193729_654](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/b/b14241303574e82edba44d6973dffaadc8faefd1.jpeg) ---
**Author:** ![Mukesh\_kumar\_Bharti](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mukesh_kumar_bharti/32/21910_2.png) [@Mukesh\_kumar\_Bharti](https://community.jupiter.money/u/Mukesh_kumar_Bharti)\ **Post date:** [21 June 2022 14:22 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/25 "2022-06-21T14:22:26Z")
If you are telling about unsecured one, sure it is. However you can open the FD backed card with min 2000 and max 1L with limit 110% of FD. You will like the experience for sure . ---
**Author:** ![Mukesh\_kumar\_Bharti](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mukesh_kumar_bharti/32/21910_2.png) [@Mukesh\_kumar\_Bharti](https://community.jupiter.money/u/Mukesh_kumar_Bharti)\ **Post date:** [21 June 2022 14:24 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/26 "2022-06-21T14:24:18Z")
First it was bullet then Jupiter Edge but after 1-2 years🤔? What name would be more suitable incase Jupiter wants to change the name. ---
**Author:** ![nateavi](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/nateavi/32/10064_2.png) [@nateavi](https://community.jupiter.money/u/nateavi)\ **Post date:** [21 June 2022 14:25 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/27 "2022-06-21T14:25:52Z")
Jupiter Dash? Or we could the apple route and just give up with Jupiter Edge Pro Max. _And no, Marketing…. That’s not an idea!_ ---
**Author:** ![Mukesh\_kumar\_Bharti](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mukesh_kumar_bharti/32/21910_2.png) [@Mukesh\_kumar\_Bharti](https://community.jupiter.money/u/Mukesh_kumar_Bharti)\ **Post date:** [21 June 2022 14:29 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/28 "2022-06-21T14:29:59Z")
![](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/5/5bd5a1eda7995cade341c950a8c6d37247a53796.gif) ---
**Author:** ![Shawnpinto](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/shawnpinto/32/7656_2.png) [@Shawnpinto](https://community.jupiter.money/u/Shawnpinto)\ **Post date:** [22 June 2022 04:51 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/29 "2022-06-22T04:51:45Z")
Definitely not another “Pe/Pay” app. Too mainstream :typing_bot: Oh and we saw that @nateavi 😛 Pro Max is a no-no! It’s like one of those Oppo/Xiaomi phones. They name their devices like race cars. ---
**Author:** ![Sourav](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/sourav/32/2616_2.png) [@Sourav](https://community.jupiter.money/u/Sourav)\ **Post date:** [22 June 2022 04:59 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/30 "2022-06-22T04:59:33Z")
Jupiter edge parmanent close or coming back with rbi guidelines ![FB_IMG_1655872883509](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/a/ae27ead0ea92fc37f65ccfca720816d492c2774b.jpeg) ---
**Author:** ![Roshan](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/roshan/32/7555_2.png) [@Roshan](https://community.jupiter.money/u/Roshan)\ **Post date:** [22 June 2022 05:08 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/31 "2022-06-22T05:08:35Z")
Previous Year went with Same **Text**. If Jupiter Edge want to adapt/learn something, Kindly check LazyPay (PayLater) . - They’ve pushed and update to accept new T&C. - They have changed (for Full KYC) billing Cycle to Monthly from twice in a month. - You can also introduce Virtual Card atleast. ---
**Author:** ![Mukesh\_kumar\_Bharti](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mukesh_kumar_bharti/32/21910_2.png) [@Mukesh\_kumar\_Bharti](https://community.jupiter.money/u/Mukesh_kumar_Bharti)\ **Post date:** [22 June 2022 05:16 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/32 "2022-06-22T05:16:29Z")
Guys, This is in response to a new RBI guideline issued 2 days ago which affect not just Jupiter but BNPL as whole. Let’s give them some time to resolve it. ![3577C22F-0261-420C-AFB9-231AB0388D5F](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/6/6c6deb5b8a70df255b30d5ac29c7cdbb0eb19741.jpeg) @Shawnpinto Please merge this thread. > [@Non-banks can't load credit lines on prepaid payment instruments, says RBI](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725): > > Here’s the sauce: But would this impact Jupiter Edge? thinking ---
**Author:** ![Shawnpinto](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/shawnpinto/32/7656_2.png) [@Shawnpinto](https://community.jupiter.money/u/Shawnpinto)\ **Post date:** [22 June 2022 05:22 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/33 "2022-06-22T05:22:33Z")
Merged! :space\_thumb: There’s no need to create another thread for this one. Let’s keep it here. ---
**Author:** ![Krishnendu\_Chowdhury](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/krishnendu_chowdhury/32/7891_2.png) [@Krishnendu\_Chowdhury](https://community.jupiter.money/u/Krishnendu_Chowdhury)\ **Post date:** [22 June 2022 05:40 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/34 "2022-06-22T05:40:59Z")
this clamp down from RBI was expected for sometime because BNPL space is currently a mess, a lot of customers have faced with multiple pending partner changes , issues with closure and incorrect inconsistent CIBIL reporting. there’d been many complaints regarding this. also don’t be too hopeful of BNPLs, look at what happened in Australia - the pioneer market of BNPL. ---
**Author:** ![Dhruv](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/dhruv/32/4358_2.png) [@Dhruv](https://community.jupiter.money/u/Dhruv)\ **Post date:** [22 June 2022 06:52 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/35 "2022-06-22T06:52:58Z")
What happened in Australia? 🤔 @Krishnendu_Chowdhury ---
**Author:** ![Dhruv](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/dhruv/32/4358_2.png) [@Dhruv](https://community.jupiter.money/u/Dhruv)\ **Post date:** [22 June 2022 06:54 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/36 "2022-06-22T06:54:37Z")
Yeah… Lazypay is cool… they swiftly crafted new tnc and continued their app. ---
**Author:** ![nateavi](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/nateavi/32/10064_2.png) [@nateavi](https://community.jupiter.money/u/nateavi)\ **Post date:** [22 June 2022 07:58 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/37 "2022-06-22T07:58:25Z")
Happy to report I was finally able to jump from 15 to 30 days billing in Lazy pay. 😄 ---
**Author:** ![Krishnendu\_Chowdhury](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/krishnendu_chowdhury/32/7891_2.png) [@Krishnendu\_Chowdhury](https://community.jupiter.money/u/Krishnendu_Chowdhury)\ **Post date:** [22 June 2022 09:37 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/38 "2022-06-22T09:37:31Z")
the bubble burst, the market valuation of BNPL went crashing and became less than one-fifth or thereabouts most of them shut down taking down with them a lot of retail investors money as these were listed as well others got taken over by the bigger players now there’s about 3 bigger fish only surviving and barely making profit, Zip is one of them ---
**Author:** ![Mukesh\_kumar\_Bharti](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/mukesh_kumar_bharti/32/21910_2.png) [@Mukesh\_kumar\_Bharti](https://community.jupiter.money/u/Mukesh_kumar_Bharti)\ **Post date:** [22 June 2022 10:23 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/39 "2022-06-22T10:23:23Z")
Are you talking about this? ![Screenshot_2022-06-21-17-58-47-128_com.readdle.spark](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/f/f7ea7b9457adcd7d290553255e7b8da6350dd807.jpeg) There’s nothing that will help. This t&c I signed on 20th June while the RBI regulations came in effect the same day but in evening. These t& c are regarding lazyplus (Scan and Pay ) in Lazypay and since the lending partner still remains PayUmoney which is a nonbanking entity the regulations is binding in this case and in my opinion,Lazypay would exit from BNPL market or make it solely based on FD but again who would do FD for a BNPL Product which can be well utilised for Secured Credit Card with much more features and cashback. It would even be better for credit report too so anyway Lazypay is gonna die unless something relieving is done by RBI ---
**Author:** ![nateavi](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/nateavi/32/10064_2.png) [@nateavi](https://community.jupiter.money/u/nateavi)\ **Post date:** [22 June 2022 10:27 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/40 "2022-06-22T10:27:10Z")
Man I really liked those guys. It’d be a shame if Lazypay collapses. Simpl won’t be far behind. [Previous page](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725.md?page=1) [Next page](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725.md?page=3)