The RBI has granted approval to Piramal Payment Services to launch 'Piramal Pay,' a prepaid payment instrument.

Banking & Finance

Piramal Payment Services Limited (PPSL), a subsidiary of Piramal Capital & Housing Finance Ltd (Piramal Finance), has received approval from the Reserve Bank of India (RBI) to launch a Prepaid Payment Instrument (PPI) service called 'Piramal Pay'.


      - This authorization was granted under the Payment and Settlement Systems Act, 2007.

      - With this approval, PPSL is now one of the Payment System Operators authorized by the RBI to set up and operate in India.

     

Main Points:-   'Piramal Pay' is designed to offer seamless, secure, and convenient financial transactions for both individuals and businesses.

     


About RBI

CEO : Shaktikanta Das
Headquarter : Mumbai
          ____________________________