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A look at the new wallet licenses issued so far in 2017

At a time when it is still reworking wallet policies, and even imposed a freeze on funding for wallet companies, the Reserve Bank of India has been issuing wallet licenses. So far, the RBI has now issued nine new wallet licences and there are five players whose licences are set to expire in 2017. 1. Amazon Online Distribution Services Private Limited: essentially for running the payments business of Amazon India, The Chief Executive Officer, Amazon Online Distribution Services Private Limited, #26/1, Brigade Gateway, World Trade Centre, 8th floor, Dr. Rajkumar Road, Malleswaram (West), Bangalore – 560 055 Pre-paid Payment Instruments 22.03.2017 (Valid upto 31.03.2022) 2. Appnit Technologies Private Limited The Chief Executive Officer, Appnit Technologies Private Limited, 403, 4th Floor, Tower A, Logix Technova Centre, Sector 32, Noida, Uttar Pradesh – 201 301 Pre-paid Payment Instruments 22.03.2017 (Valid Upto 31.03.2022) 3. Bajaj Finance Limited The Chief Executive Officer, Bajaj Finance Limited, 4th Floor, Bajaj Finserv Corporate Office, Off. Pune-Ahmednagar Road, Viman Nagar, Pune – 411014 Pre-paid Payment Instruments 08.02.2017 (Valid upto 31.03.2022) 4. Delhi Metro Rail Corporation Limited The Chief Executive Officer, Delhi Metro Rail Corporation Limited, Metro Bhawan, Fire Brigade Lane, Barakhamba Road, New Delhi - 110001 Pre-paid Payment Instruments for Mass Transit Systems 20.02.2017 (Valid upto 31.03.2022) 5. Manappuram Finance Limited The Chief Executive Officer, Manappuram Finance Limited, Manappuram House, P.O. Valappad, Thrissur, Kerala - 680 567 Pre-paid Payment Instruments 08.02.2017 (Valid upto 31.03.2022) Nucleus Software Exports Limited The Chief Executive Officer, Nucleus Software Exports Limited, 33-35, Thyagraj Market,…

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Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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