# RNFI Money wins RBI approval for cross-border remittances

> A fintech subsidiary gains regulatory clearance to offer forex and remittance services beyond traditional bank branches.
- Title: RNFI Money wins RBI approval for cross-border remittances
- Summary: A fintech subsidiary gains regulatory clearance to offer forex and remittance services beyond traditional bank branches. RNFI Money can now legally offer…
- Keywords: rnfi money, rnfi services ltd, reserve bank of india, rbi approval, cross-border remittances, foreign exchange, regulated payments, india fintech, payment aggregator, ranveer khyalia, RNFI, Money
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/banking/finance/rnfi-money-gets-rbi-approval-to-undertake-cross-border-trade-remittances/articleshow/134392464.cms
- Author: ET Online
- Published: 2026-09-21T15:14:00+00:00
- Read time: 1 min
- Topics: rnfi money, rnfi services ltd, reserve bank of india, rbi approval, cross-border remittances, foreign exchange, regulated payments, india fintech, payment aggregator, ranveer khyalia
## Fintech gets RBI nod for remittances
RNFI Money, a subsidiary of RNFI Services, received approval from India's central bank to offer cross-border trade remittances and foreign exchange services.
## Perpetual licence signals long-term confidence
The approval carries perpetual validity, reflecting the RBI's trust in RNFI Money's governance and compliance, giving the company certainty to build its cross-border business.

> Perpetual validity reflects the RBI's confidence in RNFI Money's governance and compliance record
## Breaking out of metro forex counters
Cross-border payments in India have been concentrated in bank branches and metro forex counters. RNFI Money can now extend these services through its wider distribution network.

> Cross-border payments in India have been concentrated in bank branches and metro forex counters
## Expanding beyond traditional banking touchpoints
The approval allows RNFI Money to offer regulated forex, remittance and trade-payment services through RNFI's existing last-mile network across India, reaching customers outside traditional banking.
## Building broader financial infrastructure
RNFI Services is expanding its regulated payments capabilities. It recently received in-principle authorization to operate as a Payment Aggregator, adding another layer to its business.
## Long-term foundation for payments growth
The cross-border authorization provides a foundation for RNFI Money to expand its payments business over the long term, potentially taking regulated services closer to customers nationwide.
## Key takeaway

RNFI Money can now legally offer cross-border payments through its own network, not just through banks, with permanent approval from India's central bank.