New Delhi, Feb. 10 -- Jaipur, Rajasthan, India - Transcorp International Limited has received in-principle approval from the Reserve Bank of India (RBI) for participation in Centralized Payment Systems (CPS), marking a significant development in its banking services infrastructure. The CPS authorisation, which is typically granted to Banks, enables the Company to build and operate its payment ecosystem with RTGS and NEFT capabilities, in accordance with applicable RBI guidelines. With this authorisation, Transcorp will be able to hold and operate a bank account at the Reserve Bank of India, and also be allotted its own IFSC Code.

The approval strengthens Transcorp International Limited's RBI-regulated payments infrastructure and reinforc...