Infibeam Avenues gets RBI nod to launch prepaid payment cards
Infibeam Avenues Ltd has received the RBI's in-principle approval to issue Prepaid Payment Instruments under its CCAvenue Go brand. The fintech will launch wallets, gift cards, and transit cards after completing a system audit. This move strengthens its presence in India's fast-growing digital payments market, projected to exceed $81 billion by 2025.