EbixCash World Money, a foreign exchange and cross-border payment solutions provider, has received a perpetual Authorized Dealer Category-II (AD-II) license from the Reserve Bank of India (RBI).
The upgraded authorization removes periodic renewal requirements, allowing EbixCash to scale its cross-border retail payment infrastructure across trade settlements, educational transfers, medical expenses, and family remittances.
Strategic Significance & Impact
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Operational Continuity: Eliminates regulatory renewal cycles, providing long-term predictability for banking partnerships, corporate clients, and international trade corridors.
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Expanded Outward Remittance Mandate: Under the AD-II framework, the company can facilitate cross-border transactions across diverse categories under the Liberalised Remittance Scheme (LRS), including:
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Business and commercial trade payments
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Overseas education and tuition fees
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Medical treatment expenses abroad
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Family maintenance and personal remittances
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Executive Commentary
“Receiving a perpetual AD-II license from the Reserve Bank of India is a testament to our compliance track record and operational capabilities. This permanent status gives us the structural flexibility to expand our reach, enhance product offerings under the Liberalised Remittance Scheme, and make cross-border transactions faster and more accessible for millions of retail and trade customers.”
— EbixCash Leadership
