EbixCash World Money gets perpetual RBI AD-II licence for trade, family remittances

EbixCash World Money says its perpetual RBI AD-II licence enables trade remittances of up to Rs 25 lakh and permissible family-maintenance transfers, widening non-bank cross-border payment access for MSMEs and households.

— Source publishedWed, 22 Jul, 2026, 20:39 IST·First seen Wed, 22 Jul, 2026, 20:44 IST·Source The Hindu BusinessLine

What happened

Ebixcash World Money · EbixCash World Money says it became India’s first AD-II entity with a perpetual RBI licence and authority for trade remittances up to Rs.

Key facts

  • Trade remittances up to Rs. 25 lakh
  • 100+ branches
  • 70+ cities
  • 20+ international airports
  • 25,000+ customer touchpoints
  • 40+ partner banks
  • 12+ currencies
  • 75%+ of India's cash-to-cash inward remittances
  • Close to 20% of AD-II outward LRS remittances

Why this matters

The licence makes EbixCash World Money a more credible partner for banks, MSME platforms and trade-service providers seeking non-bank cross-border payment distribution.

What to watch

  • Evidence of new SME trade-remittance products, online onboarding or purpose-code-specific payment journeys.
  • Quarterly disclosures or management commentary on AD-II transaction volumes, fee income, active remittance customers and mix shift away from consumer forex.
  • RBI circulars altering AD-II eligibility, transaction caps, KYC/AML obligations or permissible current-account remittance purposes.
  • Pricing moves by banks, fintechs and other AD-II licence holders targeting small-value import and family-maintenance remittances.
  • Any compliance findings, delayed settlements, correspondent-bank disruptions or customer complaints that raise execution risk.
  • Launch MSME-focused outward-remittance workflows for eligible import and service-payment categories within the Rs 25 lakh limit.
  • Integrate document collection, purpose-code validation, sanctions screening and transaction-status tracking into digital and branch-assisted channels.
  • Partner with trade associations, accountants, freight forwarders and SME lenders to source customers needing recurring cross-border payments.
  • Use the broader remit to cross-sell forex, insurance, travel services and prepaid payment products to remittance customers.
  • Expand correspondent-bank and foreign-currency liquidity arrangements to improve pricing and settlement reliability.