British fintech major ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/revolut” target=”_blank”>Revolut has received the final authorisation from the Reserve Bank of India ( ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/markets/rbi”>RBI) to issue Prepaid Payment Instruments (PPIs), including prepaid cards and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/digital-wallets” target=”_blank”>digital wallets with ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/unified-payments-interface” target=”_blank”>Unified Payments Interface (UPI) integration.
The full authorisation comes in less than a year after Revolut received in-principle approval from the data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/startups/neobank-revoult-india-gets-in-principle-nod-for-ppi-license-from-rbi/articleshow/109245423.cms” data-type=”tilCustomLink” target=”_blank”>RBI to issue mobile wallets in April 2024, enabling the company to now operate as a domestic payments provider in India.
ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/revolut-india” target=”_blank”>Revolut India already holds licences to function as a Category-II Authorised Money…
