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Infibeam Avenues gets RBI nod to issue prepaid payment instruments

EntrackrEntrackr · 20d ago
Infibeam Avenues gets RBI nod to issue prepaid payment instruments
Medial

Snippets Infibeam Avenues gets RBI nod to issue prepaid payment instruments Infibeam Avenues Ltd has received two major regulatory approvals that strengthen its foothold in the digital payments ecosystem. The company has obtained approval from RBI to issue PPIs under the Payment and Settlement Systems Act, 2007. Infibeam Avenues Ltd has received two major regulatory approvals that strengthen its foothold in the digital payments ecosystem. The company informed the exchanges 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. According to the filing, the RBI’s approval permits Infibeam Avenues to issue and operate prepaid payment instruments, subject to submission of a System Audit Report (SAR) within the prescribed validity period. This move marks the company’s entry into the regulated PPI space, enabling it to expand its fintech offerings across wallets, prepaid cards, and stored-value payment solutions. On the same day, Infibeam’s wholly owned subsidiary, IA Fintech IFSC Private Limited, also received in-principle approval from the International Financial Services Centres Authority (IFSCA) to act as a Payment Service Provider (PSP) in GIFT-IFSC. The subsidiary is now authorized to carry out Escrow Service, Cross Border Money Transfer Service, and Merchant Acquisition Service. During the first quarter of the ongoing fiscal year, the company’s revenue from operations rose to Rs 1,280 crore in Q1 FY26, up from Rs 745 crore in Q1 FY25. The company’s net profit declined 16% to Rs 58.4 crore in Q1 FY26 from Rs 69.4 crore in the same period last year. Infibeam is yet to file its financial results for the second quarter. Infibeam’s share price is currently trading at Rs 19.40 per share (as of 10:30 AM), giving the company a market capitalization of Rs 5,425 crore.

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Infibeam Avenues receives RBI’s final nod for Payment Aggregator licence

EntrackrEntrackr · 1y ago
Infibeam Avenues receives RBI’s final nod for Payment Aggregator licence
Medial

Infibeam Avenues has received final authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator under the Payment Settlements Act, 2007 for its payment gateway brand – CCAvenue. While Infibeam Avenues already received “in-principle” approval from the RBI late last year, the apex banking body has granted the final licence. RBI had introduced the payment aggregator framework in March 2020. Infibeam Avenues offers digital payment solutions and enterprise software platforms to businesses and governments across industry verticals. The company’s payment infrastructure solution includes acquiring and issuing solutions and offering infrastructure for banks. Its enterprise software platform provides an online marketplace for government procurement. Razorpay, Cashfree, and Open were the first set of players to get the regulatory nod in December last year. Zomato, DigiO, Google, and Tata Digital among others are the other major players to get the payments licence. Infibeam Avenues claims that it has more than 10 million merchants on its platform and crossed half a million merchant onboarding in the first half of FY24. Infibeam Avenues had earlier launched CCAvenue mobile app, which is an advanced omni-channel payment app where its app features a pin-on-glass SoftPoS solution – CCAvenue TapPay for Merchants and Kiranas across the country. Infibeam Avenues had shown strong growth and this could be evident from its Q3 FY24 numbers. Its revenue from operations grew 15.4% to Rs 912 crore in Q3 FY24 whereas the firm also managed to grow its profit marginally to Rs 40.8 crore during the above mentioned period.

Infibeam revenue jumps 93% to Rs 1,965 Cr in Q2 FY26

EntrackrEntrackr · 5d ago
Infibeam revenue jumps 93% to Rs 1,965 Cr in Q2 FY26
Medial

Infibeam revenue jumps 93% to Rs 1,965 Cr in Q2 FY26 Infibeam reported strong growth for the quarter ending September 2025. The Ahmedabad-based firm’s revenue from operations rose 93% year-on-year, nearing the Rs 2,000 crore threshold, while its profit grew 45% during the same period. Infibeam’s revenue from operations rose to Rs 1,965 crore in Q2 FY26 from Rs 1,017 crore in Q2 FY25, according to its consolidated financial statements filed with the National Stock Exchange (NSE). Infibeam’s payment business contributed 97% of its total collections, which jumped 95% to Rs 1,900 crore in Q2 FY26. Its e-commerce platform business also saw a 48% rise, reaching Rs 65 crore. The firm reported other income of Rs 21 crore, taking its total revenue to Rs 1,986 crore. Infibeam operates a diversified digital platform, primarily focusing on digital payment services and e-commerce solutions. On the cost front, Infibeam's total expenses surged 98% to Rs 1,891 crore in Q2 FY26 from 957 crore in Q2 FY25. Payment processing remained the largest cost driver, jumping 105% to Rs 1,812 crore. Employee benefit expenses remained stable at Rs 34 crore, while depreciation costs increased 12% to Rs 19 crore. Infibeam’s profit rose 45% to Rs 68 crore in Q2 FY26 from Rs 47 crore in Q2 FY25. For the six months ending September 2025, the company’s profit increased 17% to Rs 126 crore in H1 FY26 from Rs 108 crore in H1 FY25. Last month, Infibeam Avenues 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. At the close of today’s trading session, Infibeam’s share price stood at Rs 19.29 per share, giving the company a market capitalization of Rs 5,379 crore ($606 million).

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