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British fintech major Revolut has received the final authorisation from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPIs), including prepaid cards and digital wallets with Unified Payments Interface (UPI) integration.
The full authorisation comes in less than a year after Revolut received in-principle approval from the RBI to issue mobile wallets in April 2024, enabling the company to now operate as a domestic payments provider in India.
Revolut India already holds licences to function as a Category-II Authorised Money…
