EbixCash World Money gets perpetual RBI licence for trade and family remittances

EbixCash World Money 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 of permitted activities, following changes to the Foreign Exchange Management Act (FEMA) framework announced in May 2026. The regulatory change allows AD-II entities to process trade remittances of up to Rs 25 lakh per transaction and family maintenance remittances, activities previously handled primarily by banks and Au