RBI grants in-principle approval to Revolut for prepaid payment license

In Short: Revolut India has received approval from the RBI to issue prepaid payment instruments in India, allowing the global fintech firm to operate domestically. The approval complements existing licences for multi-currency forex cards and cross-border remittance services, making Revolut the only market to offer a localised version of the app. This move positions Revolut […]This news is sourced from India Telecom News.

More...