What is prepaid wallet License?
Prepaid Payment Instruments, also known as PPIs, are the payment instruments which facilitates the goods and services transactions conducted by the consumer, including financial services, remittance facilities etc., against the value stored on such instruments. The PPIs have emerged as a smart and convenient method of initiating cashless transaction in the recent times where the country has experienced a whole lot of cash crunch. It is an effective way of payment carried out it transparency, scalability and accountability.
Documents Required For Prepaid wallet license
- Name of applicant.
- Address proof of registered office
- Constitution of applicant.
- Address proof of registered office.
- Certificate of Incorporation.
- Main business of company.
- Statutory auditor of Company.
- Audited balance sheet.
- Name and address of bankers of Company.
- Any other documents as may be required.
