India, Nov. 6 -- Junio Payments Pvt Ltd (JPPL), a subsidiary of FirstPay Technologies, has received in-principle authorisation from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPIs).
The approval marks a key step in Junio's mission to offer secure, youth-focused digital financial solutions, the company said.
With this licence, Junio plans to launch a UPI-linked digital wallet that will enable teenagers and young adults to scan QR codes and make payments even without holding a bank account, expanding financial access for first-time digital users.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....