Following are the different types of Prepaid Wallet Licenses in India:
1.) Closed wallets: They are issued by a company to a customer to buy products or services exclusively.
2.) Semi-closed wallet: The holder of a semi-closed wallet is only allowed to do business with a certain group of sellers.
3.) Semi-Open Wallet: The holder of a semi-open wallet can purchase goods at stores that accept digital cards.
4.) Open Wallet: The holder can use it to purchase goods and services anywhere
5.) Cross-border transaction: The above-mentioned guidelines are now for individuals with permission to use PPI instruments dominated by foreign exchange.