Announced Wed, 22 Jul · 16:03 IST
EbixCash World Money gets RBI nod for trade remittances
Compliance View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹21.28
prior close
₹20.97
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
——-0.1—-1.3+2.1————————
Up moveDown movePending
AI summary
Ebix Limited's subsidiary EbixCash World Money received RBI approval to undertake trade remittances, becoming India's first non-bank institution to receive such approval. This expands the scope of its perpetual Authorised Dealer Category-II (AD-II) licence under FEMA, allowing EbixCash to participate in cross-border trade payments alongside its existing forex and remittance business.
Likely market impact
Opens a new revenue stream in cross-border trade payments, strengthens EbixCash's regulated services portfolio, and gives first-mover edge among non-bank players.