The Reserve Bank of India has proposed the roll out of a new prepaid payment instrument or PPI. This can be used for purchasing goods and services of up to Rs 10,000. As per the policy statement the central bank said, "Prepaid Payment Instruments (PPIs) have been playing an important role in promoting digital payments. To further facilitate its usage, it is proposed to introduce a new type of PPI which can be used only for purchase of goods and services up to a limit of Rs 10,000. The loading or reloading of such PPI will be only from a bank account and used for making only digital payments such as bill payments, merchant payments. Such PPIs can be issued on the basis of essential minimum details sourced from the customer. Instructions in this regard will be issued by December 31, 2019." To discuss this CNBC-TV18 spoke to Vijay Shekhar Sharma CEO of Paytm.