Infibeam Avenues gets RBI nod for prepaid payment instruments

Infibeam Avenues Limited announced on October 28, 2025, that it has received in-principle approval from the Reserve Bank of India (RBI) for the issuance of Prepaid Payment Instruments (PPIs). This approval, granted under the Payment and Settlement Systems Act, 2007, allows Infibeam Avenues to issue PPIs.

This marks a significant step in expanding the company's financial services offerings. The final license is contingent upon the submission of an SAR report within the initial validity period. The company emphasized that this development will enhance its position in the payments ecosystem.