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Payment or Prepaid Wallet License registration for classified businesses ensures secure digital transactions under RBI regulations. This license enables organizations to offer digital wallets, prepaid cards, and seamless payment solutions. Registration requires compliance with RBI guidelines, a minimum net worth of ₹5 crore, and a secure transaction framework. It enhances financial flexibility, customer trust, and data security. Proper licensing ensures smooth operations, regulatory adherence, and secure financial transactions for classified entities.
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