RBI Authorization with Perpetual Validity to Issue and Operate Pre-paid Instruments in India

Mumbai, 10 May 2021 | The Reserve Bank of India, in exercise of the powers conferred on it under the Payment and Settlement Systems Act, 2007, grants authorisation to Eroute Technologies Private Limited with perpetual validity for issuance and operation of semi-closed Prepaid Payment Instruments (PPIs) in the country.