Nium gets prepaid payment instrument, aggregator licences form RBI
Mon, Feb 5, 2024 1:46 PM

Nium gets prepaid payment instrument, aggregator licences form RBI

A Flip by Avya Verma
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Singapore payments company Nium has been granted provisional approval from the Reserve Bank of India for a prepaid payment instrument (PPI) and payment aggregator (PA) license. This will allow Nium to offer various financial products in India, such as prepaid cards and merchant payment acquiring services. The PPI license will enable the issuance of pre-loaded cards.

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