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.