Introduction to Prepaid Wallet License

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A Prepaid Wallet License RBI enables businesses to offer digital wallets where customers can store and manage funds electronically. These wallets allow users to load money via bank transfers, credit/debit cards, or other methods, and use the balance for online and offline transactions, bill payments, and money transfers. The license authorizes businesses to operate these digital wallets legally, ensuring compliance with financial regulations and security standards. By obtaining a Prepaid Wallet License, companies can enhance customer convenience, streamline payment processes, and tap into the growing digital payment market.

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Introduction to Prepaid Wallet License
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