Infibeam Avenues , a leading fintech company, has taken a significant step forward in expanding its financial services portfolio. The company recently received initial approval from the Reserve Bank of India (RBI) to operate prepaid payment instruments under payment regulations.

RBI Approval Details

The Reserve Bank of India has granted in-principle approval to Infibeam Avenues for the issuance of Prepaid Payment Instruments under the Payment and Settlement Systems Act, 2007. This regulatory green light allows the company to venture into the prepaid payment space, subject to compliance with RBI guidelines.

Implications for Infibeam Avenues

This approval marks a crucial milestone for Infibeam Avenues, potentially broadening its financial service offerings. The company can now proceed with preparations to issue various forms of prepaid payment instruments, which may include digital wallets, prepaid cards, and other similar financial products.

Additional Regulatory Developments

In a related development, Infibeam Avenues' wholly-owned subsidiary, IA Fintech IFSC Private Limited, has also received in-principle approval from the International Financial Services Centres Authority (IFSCA) to act as a Payment Service Provider (PSP) in GIFT-IFSC. This approval allows IA Fintech to offer the following services:

1. Escrow Service
2. Cross Border Money Transfer Service
3. Merchant Acquisition Service

Regulatory Compliance and Next Steps

While these approvals are significant, it's important to note that they are initial in nature. Infibeam Avenues will need to fulfill additional regulatory requirements and submit necessary documentation to secure final licenses. The company is expected to work closely with the regulatory bodies to ensure full compliance and successful launch of these new financial services.

As the fintech landscape continues to evolve, Infibeam Avenues' latest regulatory approvals position it to potentially capture new market opportunities in the digital payments and financial services sector. However, the company's success in these new ventures will depend on its ability to navigate the regulatory environment and effectively implement these new services.

Infibeam Avenues Limited has announced a significant development for its wholly owned subsidiary, IA Fintech IFSC Private Limited. The International Financial Services Centres Authority (IFSCA) has granted in-principle approval for IA Fintech to operate as a Payment Service Provider (PSP) in GIFT-IFSC, marking a notable expansion in the company's financial services offerings.

Approved Payment Services

The IFSCA's approval, conveyed through a letter dated October 27, 2025, allows IA Fintech to provide three key payment services:

1. Escrow Service
2. Cross Border Money Transfer Service
3. Merchant Acquisition Service

This development positions IA Fintech to play a more significant role in facilitating financial transactions within the GIFT-IFSC ecosystem.

Regulatory Compliance and Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Infibeam Avenues has provided detailed information about this approval. The company's disclosure aligns with the SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Impact and Potential Opportunities

The in-principle approval is expected to have a positive impact on Infibeam Avenues Limited. It allows its subsidiary, IA Fintech, to expand its service offerings in the GIFT-IFSC, potentially opening up new revenue streams and business opportunities in the international financial services sector.

Next Steps

While the in-principle approval is a significant step, it's important to note that this is an initial stage. The company may need to fulfill additional requirements and obtain final approvals before fully operationalizing these services. Investors and stakeholders should monitor future announcements for updates on the implementation of these new service offerings.

As the fintech landscape continues to evolve, Infibeam Avenues' move into specialized payment services in GIFT-IFSC could position the company to address the growing demand for cross-border financial services and digital payment solutions.