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Just Dial gets RBI’s in-principle nod for its prepaid wallet: -

Local search engine Just Dial on September 08 said it has got in-principle nod from the Reserve Bank of India (RBI) for launching its prepaid wallet. “The company has received a letter dated September 6, 2016, from Reserve Bank of India granting in-principle approval for issuing and operating payment system for semi closed pre-paid payment instrument service,” Just Dial said in a BSE filing. Just Dial added that it needs to submit certain reports to RBI up to March 05, 2017 for final authorization.

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