<ul><li>Cashfree Payments, a fintech startup based in Bengaluru, has received the Reserve Bank of India's prepaid payment instrument (PPI) licence.</li><li>This licence allows Cashfree to issue prepaid payment instruments like cards and digital wallets for purchasing goods, conducting financial transactions, and transferring funds.</li><li>Cashfree becomes one of the first fintechs to receive the payment aggregator, payment aggregator-cross-border, and PPI licences from the RBI.</li><li>Cashfree is focused on providing secure and efficient payment experiences, and aims to build offerings to help businesses retain and grow their user base.</li></ul>

Cashfree Gets RBI’s Prepaid Payment Instrument Licence

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