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Infibeam Avenues gets go-ahead to launch digital wallets and payment tools in India.
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.
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.
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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Infibeam Avenues consigue el visto bueno para lanzar billeteras digitales y herramientas de pago en la India.