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Science/Tech News

The Economic Times

Science/Tech / The Economic Times

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RNFI Money gets RBI approval to undertake cross-border trade remittances

RNFI Money, a wholly owned subsidiary of RNFI Services, has received RBI approval to undertake cross-border trade remittances. The licence will allow it to expand regulated foreign exchange, remittance and trade-payment services through RNFIs existing last-mile network, alongside the parent companys recent in-principle authorisation to operate as a Payment AggregatorPhysical (PA-P). The company said the licence has perpetual validity.

21 Sep 2026 8:44 pm