EbixCash World Money Limited became the first Authorised Dealer Category-II (AD-II) entity in India to be granted a perpetual RBI licence with an expanded scope of permitted activities, a regulatory milestone no other AD-II player in the country has achieved*. The upgrade follows a landmark revision to the Foreign Exchange Management Act (FEMA) framework in May 2026, under which the RBI opened trade remittances of up to ₹25 lakh, and family maintenance remittances, to AD-II entities for the first time*.
For an industry where trade remittance has been the exclusive preserve of banks and AD-I institutions, this is a structural shift. EbixCash World Money, already one of India's largest AD-II network*, is now the first non-bank entity in its category authorised to carry that flow, reaching the MSMEs that banks have historically underserved.
