Nium receives RBI in-principle approval for PPI and PA licenses, enabling expanded financial products in India.

Nium, a leading global payment provider, has received in-principle approval from the Reserve Bank of India (RBI) for two significant payment licenses: the Prepaid Payment Instrument (PPI) License and the Payment Aggregator (PA) License. These approvals allow Nium to offer and enhance a variety of financial products in India, such as prepaid cards and merchant payment acquiring. The company continues to expand its license portfolio to accommodate the ever-evolving global payments industry.

February 05, 2024
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