The RBI initiative that enables interoperable prepaid payment instruments across issuers is called ________ Wallet.
- Hashing
- mBridge / Multi-CBDC
- Common
- 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.