A screen grab of Just Dial website.
A screen grab of Just Dial website.

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

Local search engine Just Dial says it needs to submit certain reports to the Reserve Bank of India (RBI) up to 5 March 2017 for final authorization

New Delhi: Just Dial Ltd, which runs local search engine Justdial.com, on Thursday 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.

“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 said in the filing.

Just Dial said it needs to submit certain reports to the RBI up to 5 March 2017 for final authorization.

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