New Delhi, India – [Date] – With the rapid growth of India’s digital economy, prepaid payment instruments (PPIs), commonly known as digital wallets, have become a key component of the country’s financial ecosystem. From metro rides to mobile recharges, prepaid wallets are transforming how India transacts daily.

To operate a payment or prepaid wallet legally in India, businesses must obtain authorization from the Reserve Bank of India (RBI) under the Payment and Settlement Systems Act, 2007. The license is mandatory for any entity issuing reloadable or non-reloadable digital wallets for goods and services.

Corpzo.com, India’s trusted legal and fintech compliance partner, offers end-to-end services for payment and wallet license registration, ensuring full RBI compliance and fast-track approval for fintech startups and NBFCs.
🧾 Who Needs a PPI/Wallet License?

Entities offering any of the following must be registered with the RBI:

Prepaid wallets (open, semi-closed, closed loop)

Gift cards, meal cards, or travel cards

Mobile payment platforms with prepaid balance features

Co-branded wallet partnerships with banks or NBFCs

✅ Eligibility for Prepaid Wallet License

Company must be registered in India (under Companies Act)

Minimum paid-up capital of ₹5 crore

Positive net worth of ₹1 crore at all times

Strong cybersecurity framework and KYC/AML policies

Detailed business plan, technical flow, and compliance mechanism

📝 Corpzo’s Licensing Services Include:

✅ Incorporation & structure planning
✅ Business plan & policy drafting (KYC, AML, IT security)
✅ RBI application filing and documentation
✅ Coordination with auditors, cybersecurity teams, and banks
✅ Post-license regulatory compliance & reporting
📞 Launch Your Digital Wallet with Corpzo

Whether you're a fintech startup, NBFC, or large enterprise, Corpzo.com ensures smooth and compliant registration of your prepaid wallet or payment app.

📧 Email: [email protected]
🌐 Website: www.corpzo.com
📞 Call: +91 9999 139 391

Tags:
#PaymentWalletLicense #PrepaidWalletIndia #DigitalPayments #FintechIndia #Corpzo #RBIWalletLicense #FintechCompliance #StartupIndia #DigitalWalletApproval