Key Regulatory Approval

EbixCash World Money Limited, the flagship payments subsidiary of Ebix Limited, received approval from the Reserve Bank of India (RBI) to undertake trade remittances. This makes EbixCash World Money the first non-bank institution in India to receive such approval.

License Expansion

The approval expands the scope of EbixCash World Money's existing perpetual Authorised Dealer Category-II (AD-II) license. The approval was granted on July 21, 2026.

Regulatory Framework

The trade remittance services will be undertaken in accordance with the applicable regulatory framework prescribed under the Foreign Exchange Management Act (FEMA) and directions issued by the Reserve Bank of India.

Business Impact

The approval enables EbixCash World Money to:

  • Participate in trade remittance services traditionally serviced primarily through banking channels
  • Broaden its regulated service portfolio
  • Support India's growing integration with global markets, expanding merchandise trade, and increasing participation of MSMEs in international commerce
  • Provide integrated foreign exchange and cross-border payment solutions through a single platform

Strategic Significance

The approval represents an important step in the expansion of Ebix's regulated financial services platform and complements the company's ongoing efforts to broaden its regulated financial services offerings. It strengthens the Group's integrated financial services ecosystem and supports its long-term strategy of building a diversified technology-led platform.

Management Commentary

Mr. T. C. Guruprasad, CEO & Managing Director of EbixCash World Money Ltd., stated that the approval expands the range of regulated solutions available to customers and enables the company to better serve businesses engaged in international trade with efficient, technology-driven, and compliant payment solutions.

Company Background

Ebix Limited is a global holding company of Ebix Inc. and its worldwide subsidiaries, operating across 13 countries with operations across four core business segments: Technology, Payments, Travel, and Emerging Businesses.

Compliance Officer

The disclosure was signed by Urvashi Upadhyay, Company Secretary & Compliance Officer of Ebix Limited.

Financial Impact

Financial impact not quantified in the disclosure.

#Tags: #EbixLimited #RBIDisclosure #SEBIDisclosure #RegulatoryApproval #FinancialServices #Positive