Payment or Prepaid Wallet Licence Registration in India
To operate a payment or prepaid wallet legally in India, businesses must obtain authorization from the Reserve Bank of India (RBI) under the Payment and Settlement Systems Act, 2007 To operate a payment or prepaid wallet legally in India, businesses must obtain authorization from the Reserve Bank of India (RBI) under the Payment and Settlement Systems Act, 2007. The license is mandatory for any entity issuing reloadable or non-reloadable digital wallets for goods and services.
