This month, when the Reserve Bank of India released new guidelines for e-wallets and prepaid instruments , it allowed some e-wallets and prepaid cards to be used for international transactions. However, there remain many limitations
First, only those e-wallets or prepaid cards can be used for international transactions that are provided by banks . Hence, an e-wallet providers such as Mobikwik or The Paytm wallet cannot provide their products for international transactions. Also, only semi-closed or open e-wallets can be used for cross border transactions.