BlackBuck Subsidiary Gets PPI Licence From RBI

BlackBuck said that RBI granted a PPI license to TZF Logistics Solutions Pvt Ltd, its wholly owned subsidiary

PPIs facilitate purchase of goods and services, conduct of financial services, enable remittance facilities, and more, against the value stored therein

While BlackBuck didn’t exactly specify how it plans to use PPI, it can likely provide it to truckers for making fuel and FASTag payments

Listed logistics major BlackBuck parent Zinka Logistics’ subsidiary has secured a prepaid paid instruments (PPI)…