Just Dial, the local search engine has received the in-principle approval from the Reserve Bank of India (RBI) for launching its prepaid wallet.

It has said in a BSE filing that ” The company has received a letter dated September 6, 2016, from Reserve Bank of India granting in-principle approval for issuing and operating payment system for semi closed pre-paid payment instrument service.”

It has further said that “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 has further added that it needs to submit certain reports to RBI up to March 05, 2017 for final authorisation.

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