Announced Fri, 24 Jul · 19:58 IST
RBI Authorises AvenuesAI to issue Prepaid Payment Instruments
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CCAVENUE · price
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Price reaction · full curve 14 horizons · vs prior close
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₹16.24
prior close
₹16.55
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AI summary
RBI has authorised AvenuesAI Limited (formerly Infibeam Avenues) to set up a payment system for issuing and operating Prepaid Payment Instruments under the Payment and Settlement Systems Act, 2007. The authorisation, granted via a letter dated July 24, 2026, covers the company's GoWallet product and permits AvenuesAI to issue and operate prepaid payment instruments in India.
Likely market impact
Positive, as it enables AvenuesAI to expand its fintech payments business via GoWallet, potentially driving new revenue streams.