WSFx Global Pay Renews AD Category-II Licence Perpetually

WSFx Global Pay Ltd has received a perpetual renewal of its Authorised Dealer Category-II (AD-II) licence from the Reserve Bank of India (RBI). This renewal, effective under the revised FEMA framework, allows the company to continue and expand its forex and cross-border payment operations. The expanded scope includes trade remittances, appointing Forex Correspondents for money changing business, and eligible non-trade current account transactions like family maintenance, excluding gifts and donations. This perpetual licence enhances operational continuity and strengthens the company's position in the forex market.