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Cashfree Payments receives RBI’s Prepaid Payment Instrument licence

  • Cashfree Payments has received the Prepaid Payment Instrument (PPI) licence from the Reserve Bank of India.
  • The company is one of the first fintechs to have received PPI, Payment Aggregator (PA), and Payment Aggregator-Cross Border (PA-CB) licences.
  • The PPI licence will enable Cashfree Payments to innovate in the payments landscape and provide secure and efficient payment experiences.
  • Cashfree Payments is expanding its presence in the UAE region through its acquired partner, Telr.

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