Announced Thu, 29 Oct, 2026 · 20:00 IST
RBI no-objection for RNFI Smart Payment Solutions control deal
RNFI · price
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AI summary
On October 29, 2026, the RBI said it had no objection to the remaining stages of RNFI's proposal involving Payworld Digital Solutions and the change in control of its subsidiary Smart Payment Solutions. Once completed, Smart Payment Solutions, an RBI-authorised prepaid payment instrument issuer, will join RNFI's payments portfolio. No deal value or ownership percentage was disclosed.
Likely market impact
Positive for RNFI: it adds an RBI-authorised prepaid payments business and expands digital payments reach. Completion is not yet final.