BlackBuck’s subsidiary gets RBI nod to issue prepaid wallets
TZF Logistics Solutions, a wholly owned subsidiary of Zinka Logistics Solutions, which operates India's trucking platform BlackBuck, has received a Prepaid Payment Instruments license from the RBI. The authorisation will allow TZF to issue and operate prepaid wallets. This could enable BlackBuck to expand into financial services tailored for its fleet operators like fuel cards and toll payments.