Licensing Service

Product Details:

• Prepaid Wallet Registration with RBI
• Advice on Wallet Type (Open, Closed & Semi-Closed)
• Prepaid Wallets IT Planning as per RBI Guidelines.
• Operation license from RBI.

Prepaid Payment Instruments, also known as PPIs, are the payment instruments which facilitates the goods and services transactions conducted by the consumer, including financial services, remittance facilities etc., against the value stored on such instruments. The PPIs have emerged as a smart and convenient method of initiating cashless transaction in the recent times where the country has experienced a whole lot of cash crunch. It is an effective way of payment carried out it transparency, scalability and accountability.