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RBI grants PPI Authorisation to Eroute Technologies

Published on May 14, 2021
Current Context: The Reserve Bank of India (RBI) has granted authorization to Eroute Technologies.
RBI grants PPI Authorisation to Eroute Technologies
  • The authorization is given in regards to operating as a prepaid payment instruments (PPI) company.
  • The authorization was granted with perpetual validity to commence issuance and operations of semi-closed pre-paid instruments in India.
  • This will enable Eroute Technologies to launch its payment solutions at scale independently.
  • What is PPI?: These are the instruments that allow the purchase of goods and services, including financial services, remittances, and funds transfers, against the value stored in such instruments.
  • Static Part: 
    • HQ of Eroute Technologies: Noida, UP

Question: 

Q.1 In May 2021, RBI granted prepaid payment instruments (PPI) authorization to which of the following organisation?
a. Finoit Technologies
b. Innovians Technologies
c. Agnitio Technologies
d. Eroute Technologies

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