RBI Grants PPI Authorisation To Eroute Technologies

15 May 2021 Current Affairs:Eroute Technologies has been given permission to operate as a prepaid payment instruments (PPI) company by the Reserve Bank of India (RBI).

Highlights:
♦ Eroute Technologies Pvt Ltd was granted a perpetual licence by the RBI to begin issuing and operating semi-closed pre-paid instruments in India.
♦ Through developing user-friendly payment solutions that meet the unique needs of different customer segments in our society, the company aims to support the underserved segments, which number nearly 680 million people.
♦ PPIs are financial instruments that allow the purchase of goods and services, such as financial services, remittances, and funds transfers, against the value stored in them.
 

Leave a Reply

Your email address will not be published. Required fields are marked *