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RNFI Money Secures RBI Approval for Cross-Border Trade Remittances
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News18•21-09-2026, 20:15
RNFI Money Secures RBI Approval for Cross-Border Trade Remittances
- •RNFI Money Pvt Ltd, a subsidiary of RNFI Services Ltd, has received Reserve Bank of India (RBI) approval for cross-border trade remittances.
- •The expanded license enhances RNFI Money's capacity to develop its cross-border payments business and offer regulated foreign exchange, remittance, and trade payment services through its existing network in India.
- •This approval complements RNFI Services Ltd's recent in-principle authorization from the RBI to operate as a Payment Aggregator – Physical (PA-P).
- •The expanded license allows RNFI Money to extend regulated forex, remittance, and trade payment services beyond traditional banking and forex touchpoints.
- •RNFI Services Ltd MD Ranveer Khyaliya highlighted that the perpetual validity of the license reflects RBI's confidence in RNFI Money's governance and compliance.
Key Questions Answered
RNFI Money Pvt Ltd received approval from the Reserve Bank of India (RBI) to undertake cross-border trade remittances.
RNFI Money Pvt Ltd operates as a wholly owned subsidiary of RNFI Services Ltd.
RNFI Services Ltd secured in-principle authorization from the RBI to operate as a Payment Aggregator – Physical (PA-P).
