Mufin Group received the Reserve Bank of India’s nod to go live with its PPI-licensed prepaid wallets in India on Monday. The group is also ready to launch its PPI product, which will be branded as “Mufinpay”, the company revealed in a release.
The PPI license will allow MufinPay to offer a comprehensive range of financial services, including a PPI Wallet, Prepaid Gift Cards, UPI, FastTag, and multiple value-added services on MufinPay.
It is further planning to launch its revolutionary product – the MufinPay “Super App”, a financial services application to further simplify financial transactions and enhance the user experience.
“With each unit contributing uniquely to the path of a financial revolution, our PPI-licensed products will empower the underserved customers with unmatched financial inclusivity”, said Kapil Garg, MD, Mufin Group.
Mufinpay Super App is set to provide unbanked individuals with a user-friendly financial platform, promoting financial inclusion and offering a banking-like experience.
