Archive · 22 Jul 2026
EbixCash World Money Gets Perpetual RBI Licence
EbixCash World Money Limited has received a special licence from the Reserve Bank of India (RBI) that allows them to handle trade payments and family remittances.
This licence is permanent and lets them process payments up to Rs.
25 lakh per transaction.
The company is known for handling a large portion of India's cash-to-cash inward remittances and has a wide network of customer touchpoints and partner banks.
This licence is a big deal because it allows non-bank entities like EbixCash to provide services that were previously only available through banks.
This can make it easier and faster for small and medium-sized businesses to handle international payments.
The company also offers travel cards and other financial services, making it a comprehensive payments and forex platform.
EbixCash World Money Limited received a perpetual RBI licence for trade and family remittances.
The licence allows them to process trade payments up to Rs. 25 lakh per transaction.
This is the first time a non-bank entity in India has received such a licence.
EbixCash handles over 75% of India's cash-to-cash inward remittances.
The company has over 25,000 customer touchpoints and partners with 40+ banks.
- Who
- EbixCash World Money Limited
- What
- Received a perpetual RBI licence for trade and family remittances
- When
- After the RBI's revised FEMA framework in May 2026
- Where
- India
- Why
- To facilitate trade payments up to Rs. 25 lakh and family maintenance remittances, opening a direct international payments channel for India's MSME economy
Proponents of Non-Bank Financial Services
Traditional Banking Institutions
Accessibility for MSMEs
Proponents of Non-Bank Financial Services
Non-bank entities like EbixCash World Money provide faster, more accessible services for MSMEs, reducing the need for extensive banking relationships.
Traditional Banking Institutions
Banks argue that their established systems ensure greater security and regulatory compliance, which is crucial for high-value transactions.
Regulatory Compliance
Proponents of Non-Bank Financial Services
Non-bank entities emphasize their robust compliance architectures and technological advancements, making them reliable alternatives to traditional banks.
Traditional Banking Institutions
Banks maintain that their long-standing experience and infrastructure provide a more stable and trustworthy environment for financial transactions.
- Company
- EbixCash World Money Limited
- Licence Type
- Authorised Dealer Category-II (AD-II)
- Trade Remittance Limit
- Rs. 25 lakh per transaction
- Year Established
- 1999
- Inward Remittance Share
- 75%+ of India's cash-to-cash inward remittances
- Customer Touchpoints
- 25,000+ nationwide
- Partner Banks
- 40+
- Multicurrency Travel Cards
- 12+ currencies
