Infibeam Avenues Ltd has received two major regulatory approvals that strengthen its foothold in the digital payments ecosystem. The company informed the exchanges that it has obtained in-principle approval from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPIs) under the Payment and Settlement Systems Act, 2007.
According to the filing, the RBI’s approval permits Infibeam Avenues to issue and operate prepaid payment instruments, subject to submission of a System Audit Report (SAR) within the prescribed validity period. This…








