BlackBuck’s wholly owned subsidiary, TZF Logistics Solutions, has received authorisation from the Reserve Bank of India to operate prepaid payment instruments. This development enables the startup to introduce digital wallets tailored for truckers and freight operations, bolstering its financial services portfolio.
On July 4, 2025, BlackBuck's subsidiary TZF Logistics Solutions received the Prepaid Payment Instrument (PPI) licence from the Reserve Bank of India. This authorisation, under the Payment and Settlement Systems Act, 2007, allows TZF to issue and manage prepaid wallets.
With this, TZF joins the ranks of non-bank entities like Amazon Pay and PhonePe that provide similar services. These wallets can be used for a range of transactions including bill payments, merchant purchases, toll charges, fuel spending, and driver remuneration.
BlackBuck, operating under parent company Zinka Logistics, already provides digital freight solutions through its trucking marketplace. The PPI licence enables the company to deepen its fintech offerings, especially for fleet operators. Services like dedicated fuel cards, digital toll payments, and instant payouts to drivers can now be executed directly via TZF’s wallet system. This creates an integrated platform combining freight booking, payments and vehicle support services.
Read More: Major UPI Changes from August 1, 2025: Here’s What You Need to Know!
In Q4 FY25, BlackBuck reported a consolidated net profit of ₹280.17 crore, a sharp turnaround compared to the ₹90.75 crore net loss in Q4 FY24. The company also achieved a 30.7% year-on-year increase in operational revenue, touching ₹121.81 crore as of March 31, 2025. These results indicate a strong growth trajectory, enabling the company to continue expanding its suite of technology-enabled logistics solutions.
With the newly obtained PPI licence, TZF’s digital wallet could help reduce operational friction for India’s road freight sector, especially SMEs and owner-drivers. Whether it is seamless fuel purchases, instant driver wage disbursements or digital management of tolls, the wallet adds financial efficiency to traditional trucking operations.
On July 4, 2025, BLACKBUCK share price opened at ₹430.00 on NSE, below the previous close of ₹430.40. During the day, it surged to ₹440.10 and dipped to ₹430.00. The stock is trading at ₹436.70 as of 2:21 PM. The stock registered a moderate gain of 1.46%.
Over the past week, it has moved up by 0.16%, over the past month, it has declined by 0.77%, and over the past 3 months, it has moved up by 5.52%.
BlackBuck’s PPI licence through TZF Logistics Solutions marks a significant leap in integrating financial tools into the logistics space. With increased flexibility in payments and improved service access for truck operators, the move underscores BlackBuck's mission to digitise and simplify the trucking ecosystem in India.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jul 4, 2025, 3:59 PM IST
Team Angel One
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