EbixCash World Money Receives RBI Approval to Undertake Trade Remittances, Expanding AD-II License Scope

EbixCash World Money Receives RBI Approval to Undertake Trade Remittances, Expanding AD-II License Scope​

Ebix Cash World Money has achieved a significant milestone by receiving approval from the Reserve Bank of India (RBI) to conduct trade remittances. This approval establishes it as the first non-bank institution in India granted this clearance, expanding the scope of its perpetual Authorised Dealer Category-II (AD-II) license.

The official announcement highlights that this regulatory approval allows EbixCash World Money to undertake trade remittances in line with the applicable regulatory framework prescribed under the Foreign Exchange Management Act (FEMA) and directions issued by the RBI. This expansion broadens the company's regulated service portfolio, enabling it to participate in a key segment of cross-border payment services that has traditionally relied heavily on banking channels.

The enhanced capability addresses the growing demand for efficient, technology-enabled, and fully compliant payment solutions driven by India's increasing global integration, expanding merchandise trade, increased participation of Micro Small Medium Enterprises (MSMEs) in international commerce, and rising cross-border financial flows. The expanded AD-II license positions EbixCash World Money to support these evolving requirements through a wider range of regulated cross-border payments.

EbixCash already operates a robust foreign exchange and cross-border payments business, underpinned by an extensive nationwide distribution network, a technology-driven operating platform, and long-standing relationships with both retail and corporate clientele. The addition of trade remittance capabilities builds upon these existing strengths, allowing the business to deliver a broader suite of integrated and regulated cross-border payment solutions through a single platform.

Mr. T. C. Guruprasad, CEO and Managing Director of EbixCash World Money Ltd., stated that the approval is an important milestone, expanding the range of regulated solutions offered to customers. He emphasized that their commitment remains focused on maintaining high standards of regulatory compliance, operational excellence, and customer service while strengthening their payments platform.

Mr. Guruprasad noted that India's international trade and cross-border payments landscape is rapidly transforming. The company has consistently invested in technology, compliance infrastructure, operational capabilities, and nationwide distribution to build a scalable and resilient payments business. This approval allows them to extend these capacities into a crucial new market segment, serving businesses engaged in international trade with efficient, technology-driven, and compliant payment solutions.

The regulatory clearance is set to further strengthen EbixCash’s capacity to provide integrated foreign exchange and cross-border payment solutions by leveraging the Group's established payments infrastructure, technology platform, and customer reach. This aligns with the Company’s commitment to long-term value creation through responsible growth and disciplined execution.

Ebix Limited, which was formerly known as Eraaya Lifespaces Limited, is a global holding company of Ebix Inc. and its worldwide subsidiaries. It operates across 13 countries, having evolved into a diversified technology-led holding platform across Technology, Payments, Travel, and Emerging Businesses. The cash payments segment provides technology-enabled financial transaction platforms catering to diverse use cases globally.

Stock Price Movement​

Shares of EBIX Ltd slipped today after market close, settling at ₹21.15, marking a drop of 3.47%. The stock traded within a substantial intraday range, reaching a low of ₹20.82 and an intra-day high of ₹21.80.