Transcorp becomes the 1st non-bank company to receive RBI nod to enter into co-branding arrangements

Transcorp becomes the 1st non-bank company to receive RBI nod to enter into co-branding arrangements
  • The Leading forex and payment solutions provider Transcorp International Ltd (TIL) becomes the 1st non-bank company to receive Reserve Bank of India(RBI) nodto enter into co-branding arrangements for prepaid Instruments.
  • It has also launched its multi-wallet RuPay-powered prepaid cardswhich allow corporate houses to pay wages, incentives, reimbursements & recurring payments to their employees or beneficiaries
  • As part of the government’s initiatives of cashless India, it has also launched its multi-wallet RuPay-powered prepaid cardswhich allow corporate houses to pay wages, incentives, reimbursements & recurring payments to their employees or beneficiaries.
  • It is the 1stnon-bank player in India to issue National Common Mobility Cards (NCMC/One Nation One Card) by National Payments Corporation of India (NPCI) certification to be used  in Transit Systems and Smart Cities.
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