The Hindu·3 min read·medium
A First for India: EbixCash World Money’s Perpetual RBI Licence Brings Trade and Family Remittances Within Reach of Millions - Unlocking Opportunities for Trade and Permissible Current Account Remittances
✦AI Summary
EbixCash World Money has become the first non-bank entity in India to receive a perpetual RBI licence as an Authorised Dealer Category-II. This regulatory milestone allows the company to facilitate trade and family remittances, directly competing with traditional banks for MSME services.
Mumbai, Maharashtra, India – Business Wire India
businesseconomy
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