RBI Authorises AvenuesAI to issue Prepaid Payment Instruments

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Price reactionminutes from the announcement price · days from the prior close

+3.0%Reaction day

₹16.24

prior close

₹16.55

announcement price

After-mkt

timing

Nifty Microcap 250market+1.3%+1.7% vs market

Financial Technology (Fintech) peers, median of 8sector+0.9%+2.1% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 2.1 pts more than its Financial Technology (Fintech) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.8

10m

+0.7

15m

+1.1

30m

+1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.0+1.3+1.7+0.9+2.1

Next day

+1.9+0.0+1.9+1.9+0.0

+2.6+0.5+2.2+0.3+2.4

-1.4-0.1-1.3+0.2-1.5

-2.6+1.0-3.7+1.5-4.1

+9.0+2.4+6.6+4.7+4.2

+6.3+4.1+2.1+1.9+4.4

15d

-6.2+5.1-11.2+7.1-13.3

-6.6+5.8-12.4+6.7-13.3

-4.8+4.5-9.3-0.3-4.5

—-2.4—+4.2—

UpDownMarket · Nifty Microcap 250Sector · Financial Technology (Fintech) peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.