The Reserve Bank of India (RBI) has granted authorisation to Eroute Technologies to operate as a prepaid payment instruments (PPI) company. The RBI issued authorisation to Eroute Technologies Pvt Ltd with perpetual validity to commence issuance and operations of semi-closed pre-paid instruments in the country.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The company aims to serve the underserved segments that comprise almost 680 million people, by creating user-friendly payment solutions addressing the specific needs of various consumer segments of our society.
About the PPIs:
PPIs are instruments that facilitate the purchase of goods and services, including financial services, remittances, and funds transfers, against the value stored in such instruments.
Important takeaways for all competitive exams:
Did you know that not all fruits give the same amount of Vitamin C? While…
In an important decision related to senior bureaucratic postings, the Appointments Committee of the Cabinet…
Did you know that some countries are home to completely opposite natural worlds? In one…
The Pro Wrestling League (PWL) 2026 ended with high drama as Haryana Thunders lifted the…
Nivedita Dubey has assumed charge as Member (Human Resources) of the Airports Authority of India…
On February 2, 2026, the Assam government declared a ₹50 crore grant to preserve and…