New Launch4 Jul 2025, 10:14 am
RBI Grants PPI License to Zinka Logistics Solutions Subsidiary TZF Logistics
AI Summary
Zinka Logistics Solutions Ltd has announced that its wholly owned subsidiary, TZF Logistics Solutions Private Limited, has been granted a Prepaid Payment Instruments (PPI) License by the Reserve Bank of India (RBI). The license, issued on July 03, 2025, will allow TZF Logistics Solutions Private Limited to set up and operate a payment system for Prepaid Payment Instruments. This move is expected to enhance the subsidiary's capabilities and potentially benefit the parent company, Zinka Logistics Solutions Ltd.
Key Highlights
- RBI has granted a PPI License to TZF Logistics Solutions Private Limited, a subsidiary of Zinka Logistics Solutions Ltd.
- The license will enable TZF Logistics Solutions Private Limited to operate a payment system for Prepaid Payment Instruments.
- This move is expected to strengthen the subsidiary's capabilities and potentially benefit the parent company.