Junio Payments Gets RBI Nod To Issue Prepaid Payment Instruments

Junio Payments has secured an in-principle authorisation from the Reserve Bank of India (RBI) to issue prepaid payment instruments (PPIs)

Junio plans to roll out a wallet linked to UPI, allowing users to scan any UPI QR code and make payments even without a bank account

The wallet will primarily serve children, teens, and parents, integrating convenience with financial learning

Fintech startup Junio Payments has secured an in-principle authorisation from the Reserve Bank of India (RBI) to issue prepaid payment…