Infibeam Avenues Ltd, one of India’s leading digital payment infrastructure companies, has received two significant regulatory approvals that strengthen its position in the country’s rapidly evolving fintech ecosystem.
The company announced that it has obtained in-principle approval from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPIs) under the Payment and Settlement Systems Act, 2007. This approval allows Infibeam to issue and operate prepaid wallets, cards, and other stored-value instruments, subject to the submission of a System Audit Report (SAR) within the prescribed time frame.
Strengthening Its Fintech Footprint
The RBI’s nod marks Infibeam’s formal entry into the regulated PPI space, enabling the company to expand its fintech product suite across prepaid payment services, merchant solutions, and consumer payment systems. This move complements Infibeam’s existing digital payment infrastructure business, positioning it to compete with major payment players in India’s growing digital economy.
On the same day, Infibeam’s wholly owned subsidiary — IA Fintech IFSC Private Limited — received in-principle approval from the International Financial Services Centres Authority (IFSCA) to operate as a Payment Service Provider (PSP) in GIFT-IFSC. The approval authorizes the subsidiary to offer Escrow Services, Cross-Border Money Transfer Services, and Merchant Acquisition Services, enhancing Infibeam’s presence in global fintech operations.
Financial Performance and Market Snapshot
In the first quarter of FY26, Infibeam reported revenue from operations of ₹1,280 crore, a 72% increase from ₹745 crore in Q1 FY25. However, net profit fell 16% year-on-year to ₹58.4 crore from ₹69.4 crore in the previous year. The company is expected to announce its Q2 FY26 results soon.
Infibeam’s shares were trading at ₹19.40, valuing the company at approximately ₹5,425 crore in market capitalization.
With these regulatory approvals, Infibeam Avenues aims to accelerate its growth in the digital payment and cross-border fintech ecosystem, expanding both its domestic and international reach.
