RNFI Money gets RBI approval for cross-border trade remittances
The Economic Times reports that the RNFI Services subsidiary will be able to expand regulated foreign exchange, remittance and trade-payment services through RNFI's existing network.
TLDR
RNFI Money, a wholly owned subsidiary of RNFI Services, has received RBI approval for cross-border trade remittances, The Economic Times reports. The outlet says the licence will allow it to expand regulated foreign exchange, remittance and trade-payment services through RNFI's existing last-mile network. The company said the licence has perpetual validity, according to the report.
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