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Logistics platform BlackBuck’s subsidiary gets PPI license from RBI

  • TZF Logistics Solutions Pvt. Ltd., a subsidiary of BlackBuck, has obtained a Prepaid Payment Instrument (PPI) license from the RBI for digital payments.
  • The PPI license allows TZF Logistics to offer digital wallets and prepaid cards for cashless transactions such as fuel and toll payments.
  • This move is aimed at reducing the reliance on cash for trucking community operational expenses in India.
  • BlackBuck's integrated platform, including freight marketplace and lending services, is expected to benefit from the addition of digital payment capabilities.

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