BlackBuck said that RBI granted a PPI license to TZF Logistics Solutions Pvt Ltd, its wholly owned subsidiary
PPIs facilitate purchase of goods and services, conduct of financial services, enable remittance facilities, and more, against the value stored therein
While BlackBuck didn’t exactly specify how it plans to use PPI, it can likely provide it to truckers for making fuel and FASTag payments
Listed logistics major BlackBuck parent Zinka Logistics’ subsidiary has secured a prepaid paid instruments (PPI)…