AvenuesAI Secures RBI Authorization for Prepaid Payment Instruments
AvenuesAI Limited received authorization from the Reserve Bank of India (RBI) on July 24, 2026. The approval allows the company to set up and operate a payment system for issuing Prepaid Payment Instruments (PPIs) in India, enhancing its digital payment offerings.
Obtaining authorization from the Reserve Bank of India to issue and operate Prepaid Payment Instruments is a critical regulatory approval that directly impacts the company's business operations and growth potential in the digital payments market.
The RBI authorization for issuing and operating Prepaid Payment Instruments is a significant positive development for the company, enabling expansion in the digital payments sector.
AvenuesAI Limited, formerly Infibeam Avenues Limited, announced on July 24, 2026, that it has received authorization from the Reserve Bank of India (RBI) to establish a payment system for the issuance and operation of Prepaid Payment Instruments (PPIs) under the Payment and Settlement Systems Act, 2007.
This significant approval, communicated via RBI's Letter No. CO.DPSS.AUTH.No.S332/02.27.004/2026-27, permits the company to issue and operate PPIs within India.
The authorization is a key development for the company, positioning it to expand its services in the digital payments sector. Further details regarding this approval are available on the company's website.
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AvenuesAI Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by AvenuesAI Limited. Read the original for the full detail.