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flag Infibeam Avenues gets go-ahead to launch digital wallets and payment tools in India.

flag Infibeam Avenues Ltd has received in-principle approval from India’s Reserve Bank to issue Prepaid Payment Instruments (PPIs), enabling it to launch digital wallets, gift cards, and transit cards under its CCAvenue Go brand. flag The fintech company, already licensed as a Payment Aggregator and Bharat Bill Pay Operator, must pass a system audit within six months for final approval. flag The move supports India’s expanding digital payments market, projected to reach $81.65 billion by 2025, driven by growing demand for mobile-based, cashless transactions.

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