ZikZuk Technologies Gets RBI Approval as PPI Issuer

ZikZuk Technologies received final authorisation from the Reserve Bank of India to operate as a Prepaid Payment Instrument issuer.

ZikZuk Technologies Private Limited received final authorisation from the Reserve Bank of India to operate as a Prepaid Payment Instrument issuer under the Payment and Settlement Systems Act, 2007. The approval allows the company to develop RBI-regulated payment solutions such as digital wallets, prepaid cards and stored-value services. Prepaid Payment Instruments are payment tools where money is loaded in advance for future use. They may include wallets, gift cards, transit cards and special-purpose payment instruments.