RNFI Money, the wholly owned subsidiary of RNFI Services, has secured Reserve Bank of India approval to undertake cross-border trade remittances, a regulatory step that broadens its role in formal foreign exchange and payment flows. The licence, which the company says carries perpetual validity, positions RNFI to deepen its reach through an existing last-mile network while complementing its parent’s recent in-principle authorisation as a Payment Aggregator–Physical.
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"RNFI Money Wins RBI Nod for Cross-Border Trade Remittances"
RNFI Money, the wholly owned subsidiary of RNFI Services, has secured Reserve Bank of India approval to undertake cross-border trade remittances, a regulatory step that broadens its role in formal foreign exchange and payment flows. The licence, which the company says carries perpetual validity, positions RNFI to deepen its reach through an existing last-mile network while complementing its parent’s recent in-principle authorisation as a Payment Aggregator–Physical.
RNFI Money Wins RBI Nod for Cross-Border Trade Remittances
R
RDU Global Wire
BFSI & Fintech Desk
New Delhi, India Just now (05:43 PM IST)•5 min read
RNFI Money, the wholly owned subsidiary of RNFI Services, has secured Reserve Bank of India approval to undertake cross-border trade remittances, a regulatory step that broadens its role in formal foreign exchange and payment flows. The licence, which the company says carries perpetual validity, positions RNFI to deepen its reach through an existing last-mile network while complementing its parent’s recent in-principle authorisation as a Payment Aggregator–Physical.
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