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:
India's campaign at the Asian Games 2026 kick-off in Aichi-Nagoya in Japan, on the first…
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
Tamil Nadu has the highest number of registered GI-tagged textile and handloom items compared to…
Flight Lieutenant Alfred Tyrone Cooke, a highly decorated veteran of Indian Air Force and a…
The Karnataka state government has made the Tulu as the second additional administrative language of…
Tamil Nadu Chief Minister C Joseph Vijay will inaugurate the state's scheme of providing gold…