Have Paytm and want to transfer funds to Freecharge or MobiKwik or Phone Pe? Well, now you can do this and all thanks to the RBI. You will not face any hassle in paying Freecharge from your Paytm or Mobikwik now.

On October 16, the Reserve Bank of India (RBI) cleared a major road block for all the e-wallet users by permitting digital payment from one app to another. The decision of interoperability, which was restricted for a long time by the RBI, will help grow the segment of digital payment to a larger extent.

Earlier, Paytm user could only make payments to another Paytm user. Likewise, transaction was only possible from Freecharge to Freecharge and Mobikwik to Mobikwik.

With the removal of this barrier, a Paytm user can now pay to Mobikwik or Freecharge and vis-à-vis.

Interoperability is the technical compatibility that enables a payment system to be used in conjunction with other payment systems. Interoperability allows PPI Issuers, System Providers and System Participants in different systems to undertake, clear and settle payment transactions across systems without participating in multiple systems.

As per the road-map laid down therein, interoperability of all KYC-compliant PPIs was to be enabled in three phases ?

Interoperability of PPIs issued in the form of wallets through Unified Payments Interface (UPI),

Interoperability between wallets and bank accounts through UPI, and

Interoperability for PPIs issued in the form of cards through card networks. 


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