{
  "id": 8949358,
  "title": "RBI clears RNFI Money for cross-border payments",
  "url": "https://urgent.news/2026/09/21/rbi-clears-rnfi-money-for-cross-border-payments",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T15:14:55.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/banking/finance/rnfi-money-gets-rbi-approval-to-undertake-cross-border-trade-remittances/articleshow/134392464.cms"
  },
  "original_language": "en",
  "account": "RNFI Services Ltd, a prominent player in India's financial services sector, has secured the Reserve Bank of India's (RBI) blessing to expand its operations into cross-border trade remittances. The approval, granted to RNFI Money Pvt Ltd, a wholly owned subsidiary of RNFI Services, will enable the company to offer regulated foreign exchange, remittance, and trade-payment services through RNFI's extensive network across the country.\n\nWith this new license, RNFI Money will be able to build its cross-border payments business over the long term, moving beyond conventional bank branches and forex counters. The perpetual validity of the approval underscores the RBI's confidence in RNFI Money's robust governance and compliance record, providing the company with the assurance needed to invest in its long-term growth strategy.\n\nRNFI Services MD Ranveer Khyalia highlighted the significance of the approval, stating that it reflects the RBI's confidence in RNFI Money's governance and compliance record. The expanded license will allow the company to take regulated payments and foreign exchange services closer to customers, outside the traditional banking and forex counter channels.\n\nThis latest approval adds to RNFI Services' growing list of regulatory capabilities. Earlier this year, the company received in-principle authorization from the RBI to operate as a Payment Aggregator - Physical (PA-P), further enhancing its regulated payments offerings. With these new approvals, RNFI Money is well-positioned to expand its payments business and provide a wider range of financial services to customers across India.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}