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:
World Water Day is observed globally on the March 22 and the day raise awareness…
Did you know there is a special island in the world where giant tortoises roam…
Did you know that beneath the ocean floor lies one of the most valuable energy…
Chapchar Kut which is the major spring festival of Mizoram and it was celebrated with…
Did you know that in many countries, rivers are not just water sources but the…
The New Income Tax Rules 2026 are notified and which will come into effect from…