AvenuesAI Limited has received authorization from the Reserve Bank of India (RBI) to set up a payment system for the issuance and operation of Prepaid Payment Instruments (PPIs). The authorization was granted under the Payment and Settlement Systems Act, 2007.
Regulatory Details
The authorization was received via RBI Letter No. CO.DPSS.AUTH.No.S332/02.27.004/2026-27 dated July 24, 2026. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Authorization Scope
The authorization permits AvenuesAI Limited to issue and operate Prepaid Payment Instruments in India. The company will operate under the brand name "GoWallet" for this payment system.
Impact Assessment
The authorization represents a significant business expansion opportunity for the company into the prepaid payment instruments market. There is no withdrawal, cancellation, suspension, or negative impact reported regarding this authorization. The authorization does not have a specified validity period mentioned in the disclosure.
Additional Information
The complete details are available in Annexure-A of the disclosure and on the company's website at www.avenuesai.com.