EbixCash World Money
Bengaluru: EbixCash World Money Ltd. has become the first Authorised Dealer Category-II (AD-II) entity in India to receive a perpetual Reserve Bank of India (RBI) licence with an expanded scope under the revised Foreign Exchange Management Act (FEMA) framework.

The licence allows the company to facilitate trade remittances of up toRs 25 lakh and family maintenance remittances, services previously handled mainly by banks and AD-I institutions.
The company said the move will improve access to cross-border payment services for MSMEs. With over 100 branches across 70 cities and operations at more than 20 international airports.
