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The Economic Times
The Economic Times
Business

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

RBI

RNFI Money Pvt Ltd, a wholly owned subsidiary of RNFI Services Ltd, has received approval from the Reserve Bank of India to undertake cross-border trade remittances, expanding the company’s regulated payments and foreign exchange business.

The approval will allow RNFI Money to offer regulated foreign exchange, remittance and trade-payment services through RNFI’s existing last-mile network across India, the company said in a statement on Monday.

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