Infibeam Avenues Limited has informed the Exchange regarding a press release dated December 29, 2025, titled "RediffPay Initiates CUG Testing Ahead of UPI Launch, Post Securing TPAP License from NPCI".
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Infibeam Avenues has shared a press release about RediffPay, its payments platform, which has received a Third-Party Application Provider (TPAP) license from NPCI. Following this approval, RediffPay has started Closed User Group (CUG) testing, which is the final stage before a full public rollout of UPI services. CUG testing typically involves a limited set of users to validate the platform's stability and compliance before launch. This marks a key milestone in Infibeam's digital payments expansion strategy.
This is a positive development for Infibeam Avenues as it brings the company closer to monetising its UPI payments business through RediffPay, potentially adding a new high-growth revenue stream. However, the actual revenue impact will depend on user adoption post-launch, which remains to be seen.