Transcorp International Limited gets RBI CPS Approval

Transcorp International Limited has received in-principle approval from the India===Reserve Bank of India for participation in Centralized Payment Systems (CPS). This authorization, typically granted to banks, allows Transcorp International Limited to build and operate its own payment ecosystem with RTGS and NEFT capabilities, hold a bank account at the India===Reserve Bank of India, and be allotted its own IFSC Code. This development is expected to enhance the company's payment ecosystem independence, operational efficiency, and regulatory compliance, supporting secure and technology-driven payment solutions. The Board of Directors reviewed this development and reaffirmed the company's strategic focus on robust, regulator-aligned platforms. Additionally, Transcorp International Limited reported increased profitability, with 49% growth over the previous quarter and 67% growth over the corresponding nine-month period, and fully repaid all public Fixed Deposits. The company's digital payments and Prepaid Payment Instrument business also showed strong performance with record high payment volumes.