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

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26 Aug, 2025 12:21

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Local search engine Just Dial today 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 lndia 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.

Elaborating on the relevance of the approval, it said: "The company will be in position for providing payment solution to our users, which is integral part of our transaction services and JD prepaid wallet will help to provide a seamless payment experience to users." Just Dial added that it needs to submit certain reports to RBI up to March 05,2017 for final authorisation.