EbixCash World Money Gets RBI Approval for Trade Remittances

Ebix Limited announced that its subsidiary, EbixCash World Money Limited, has received approval from the Reserve Bank of India (RBI) to undertake trade remittances. This makes EbixCash the first non-bank institution in India to receive such approval, expanding its Authorised Dealer Category-II (AD-II) license. The approval allows EbixCash to participate in a segment traditionally dominated by banks, leveraging India's growing international trade and cross-border financial flows. This move strengthens Ebix's integrated financial services platform and its strategy of building a diversified, technology-led ecosystem.