# 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:** 3
**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 10:37 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/41 "2022-06-22T10:37:29Z")
Yeah me too. They are the best of BNPL: mode of payment: card as well as Scan and Pay unlike card only from other BNPLs Billing Cycle: 1 month instead of 15 days Rewards: 1-5% cashback Not restricting users from adding money in Paytm wallet or anything of the sort unlike Slice. Once I tried to pay for my Brother’s PAN card fee using Slice and it failed citing merchant category not allowed and I used Lazypay card and it swiftly passed through. So Lazypay is the king ,the best of the BNPL , so I too would certainly miss it if it has to go. ---
**Author:** ![maulik\_satasiya](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/maulik_satasiya/32/5151_2.png) [@maulik\_satasiya](https://community.jupiter.money/u/maulik_satasiya)\ **Post date:** [22 June 2022 12:29 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/42 "2022-06-22T12:29:47Z")
I just got my Edge approved last week. Tried using it today declined and showed RBI notification. ---
**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 12:34 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/43 "2022-06-22T12:34:44Z")
Ikr. Feels like Kattapa stabbing Bahubali in the back. ---
**Author:** ![razack](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/razack/32/23790_2.png) [@razack](https://community.jupiter.money/u/razack)\ **Post date:** [22 June 2022 15:57 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/44 "2022-06-22T15:57:01Z")
First they came for BNPL…Next they will come for the Neobanks 🥺 🥺 I hope Jupiter Edge will be back functioning soon… :space\_thumb: ---
**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 16:14 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/45 "2022-06-22T16:14:33Z")
RBI: ![](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/4/4c7f5f97b8ad5ee90c62200f2d9f4d19bdbaeb7a.gif) ---
**Author:** ![Gaurav\_Kalal](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/gaurav_kalal/32/8318_2.png) [@Gaurav\_Kalal](https://community.jupiter.money/u/Gaurav_Kalal)\ **Post date:** [23 June 2022 03:06 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/46 "2022-06-23T03:06:34Z")
Currently this guidelines are uncler even this fintech company’s are quiet confused…but as we Currently understand the regulator said that PPI could not load via creditline exception for those who has Regulated with direct with RBI in that case a ppi and lender both regulate with rbi. And non bank lender not perform i that actinon (non bank menas NBFC) LAZYPAY HAS CURRENTLY WORKING FINE AFTER some terms chages…but the works not completed yet they required some more changes… Open for any correction or upgarde my knowledge… Welcome ---
**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:** [23 June 2022 04:43 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/47 "2022-06-23T04:43:26Z")
Before their partner was Yes bank which was good they should not change the partner. [https://media.tenor.com/images/d016897e7bc1991ca9d89aabcc484409/tenor.gif(image larger than 4 MB)](https://media.tenor.com/images/d016897e7bc1991ca9d89aabcc484409/tenor.gif) ---
**Author:** ![razack](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/razack/32/23790_2.png) [@razack](https://community.jupiter.money/u/razack)\ **Post date:** [23 June 2022 07:05 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/48 "2022-06-23T07:05:20Z")
Whose? Jupiter Edge?? I never used bullet (old app) ---
**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:** [23 June 2022 09:36 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/49 "2022-06-23T09:36:24Z")
Bullett money ---
**Author:** ![BeingIncog](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/beingincog/32/8591_2.png) [@BeingIncog](https://community.jupiter.money/u/BeingIncog)\ **Post date:** [30 June 2022 08:43 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/50 "2022-06-30T08:43:06Z")
What just happened to Lazypay… ---
**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:** [30 June 2022 08:43 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/51 "2022-06-30T08:43:39Z")
Ka hua? ---
**Author:** ![BeingIncog](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/beingincog/32/8591_2.png) [@BeingIncog](https://community.jupiter.money/u/BeingIncog)\ **Post date:** [30 June 2022 08:45 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/52 "2022-06-30T08:45:38Z")
Got notification and after opening app login process starts again and throws error. Can’t receive any otp. ---
**Author:** ![BeingIncog](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/beingincog/32/8591_2.png) [@BeingIncog](https://community.jupiter.money/u/BeingIncog)\ **Post date:** [30 June 2022 08:48 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/53 "2022-06-30T08:48:01Z")
![Screenshot_20220630-141605__01](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/7/71d91390d5f0dd906b57702c8a89bbc618b4dc62.jpeg) ![Screenshot_20220630-141643__01](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/4/48f5e41cd6a18794b383be9a43c65568959557ce.jpeg) ---
**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:** [30 June 2022 08:52 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/54 "2022-06-30T08:52:40Z")
Holy crap. Does that mean we no longer have to pay whatever dues we had before? 😅 I can’t login too. ---
**Author:** ![BeingIncog](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/beingincog/32/8591_2.png) [@BeingIncog](https://community.jupiter.money/u/BeingIncog)\ **Post date:** [30 June 2022 09:05 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/55 "2022-06-30T09:05:03Z")
I was able to login 3-4 mins back. Sometimes app does that… ---
**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:** [30 June 2022 12:52 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/56 "2022-06-30T12:52:31Z")
Received the same notification 🔽 ![IMG_20220630_181219](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/9/9e4c9f8b0597f7bf8fb1486846ddcae2d7fc8a73.jpeg) But on clicking it nothing happened. I can still login in the app though, ![IMG_20220630_181400](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/8/8654a9e78ee8f113d313d47a26a5dafbb036f2e2.jpeg) Will trying doing a transaction to see if I can still continue. Btw was trying to book a train ticket on Amazon using Slice Card but the transaction failed( 1st ever on Amazon through Slice Card). I think they are blocking transactions in accordance with RBI guidelines just as Jupiter did. ---
**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:** [30 June 2022 13:11 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/57 "2022-06-30T13:11:41Z")
Although this🔽 > **[Slice updates terms, will levy 36% interest if repayment not done in one...](https://www.moneycontrol.com/news/business/startup/slice-updates-terms-will-levy-36-interest-if-repayment-done-in-more-than-one-instalment-8744991.html)** > > The company has also detailed that the credit lines are extended by its partner NBFCs after the RBI said that issuing credit through prepaid payment instruments like the Slice card is prohibited Details that Slice and many others haven’t still stopped loading credit line into PPI instruments. ![IMG_20220630_182600](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/e/ef4424475754b8ac77b6344a5049c8eb054db942.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:** [30 June 2022 13:16 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/58 "2022-06-30T13:16:32Z")
@Jiten @Shawnpinto Majority of the BNPLs are still running the Bussiness, awaiting a clarification on the same then can’t you please enable Jupiter for now? ![IMG_20220630_182600](https://us1.discourse-cdn.com/flex020/uploads/jupiter/original/2X/e/ef4424475754b8ac77b6344a5049c8eb054db942.jpeg) ---
**Author:** ![Jiten](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/jiten/32/72_2.png) [@Jiten](https://community.jupiter.money/u/Jiten)\ **Post date:** [30 June 2022 13:17 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/59 "2022-06-30T13:17:19Z")
We don’t have risk appetite to be non compliant with RBI directives. ---
**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:** [30 June 2022 13:24 UTC](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725/60 "2022-06-30T13:24:47Z")
As explained in this report 🔽 > **[Payments council urges RBI to treat full KYC prepaid instruments like bank...](https://www.moneycontrol.com/news/business/startup/payments-council-urges-rbi-to-treat-full-kyc-prepaid-instrument-like-bank-account-8738771.html)** > > The Payments Council of India's letter estimates that over 10 million credit-linked prepaid instruments are active currently with over Rs 3,500 crore of payment volumes processed in May 2022. there are 10 million credit linked prepaid cards amounting to a whopping ₹ 3500 crore transactions in just may 2022. This RBI step isn’t at all inclusive although RBI and GOI keep ranting about it because not every bank can afford giving credit card to every customer and thus for customers in non working class like us students, these BNPLs are a boon. [Previous page](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725.md?page=2) [Next page](https://community.jupiter.money/t/non-banks-cant-load-credit-lines-on-prepaid-payment-instruments-says-rbi/33725.md?page=4)