Prepaid Payment Instruments
Comprehensive overview of M2P's Prepaid Payment Instruments platform — regulations, market context, and capabilities.
Prepaid Payment Instruments (PPIs) are financial instruments that store monetary value paid in advance. They enable purchase of goods, transfer of funds, and financial access — without a traditional bank account.
PPI Classifications
Closed System PPIs
Usable only within the issuer's ecosystem. No cash withdrawal. Minimal KYC.
Examples: Brand wallets, loyalty balances, gift cards.
Semi-Closed System PPIs
Usable at listed merchant locations. No cash withdrawal. Tiered KYC.
Examples: Digital wallets (Paytm, PhonePe), gift cards, campus cards.
Open System PPIs
Full payment capability including cash withdrawal at ATMs. Full KYC mandatory.
Examples: Prepaid debit cards, forex travel cards.
Why M2P Prepaid Platform?
| Capability | Description |
|---|---|
| Multi-Tenant SaaS | Single platform serving multiple clients with complete data isolation |
| Form Factor Agnostic | Physical cards, virtual cards, and digital wallets on one platform |
| Network Agnostic | Visa, Mastercard, RuPay, and proprietary networks |
| Regulatory Compliant | Built for RBI, FEMA, CBUAE, MAS, and global PPI regulations |
| Real-Time Processing | Card authorization in under 200ms |
| 500+ APIs | RESTful APIs with OpenAPI 3.0 specifications across 9 microservices |
Explore the full M2P Stack for a deep dive into platform capabilities, or jump straight to the Implementation Guide to get started.
Platform at a Glance
Documentation Structure
| Section | What You'll Find |
|---|---|
| Prepaid Product | Global PPI regulations and market context |
| M2P Stack | Product types, capabilities, form factors, GTM models |
| Implementation Guide | Step-by-step setup: BIN, product, fee, notification config |
| Integration Guide | Authentication, service routing, integration flows, state machines |
| API Library | Complete API reference with parameters, schemas, and examples |
| Webhook Guide | Event subscriptions, notification channels, webhook payloads |
| Error Codes | Comprehensive error code reference across all services |