Zinka Logistics Solutions has announced that its wholly owned subsidiary, TZF Logistics Solutions Private Limited, has received authorization from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPIs). The license, granted on July 3, 2025, falls under the framework of the Payment and Settlement Systems Act, 2007, and related RBI guidelines.
With this license, TZF Logistics Solutions will be permitted to set up and operate a payment system for prepaid instruments, such as digital wallets and other prepaid transaction tools. The move marks a step towards expanding the subsidiary’s role in the digital payments space, aligning with the increasing demand for flexible and secure payment options across logistics and related services.
There has been no cancellation, suspension, or withdrawal of the license, and no penalties or negative implications are associated with this development. The company has confirmed that further updates, if any, regarding monetary impact or regulatory changes will be communicated as required under listing obligations.
