Indel Remit gets RBI nod

Indel Remit, the foreign exchange division of Indel Money Limited, has received RBI approval to offer trade remittance services.

This perpetual license expands the company’s foreign exchange capabilities and strengthens its presence in cross-border payments ecosystem.

Umesh Mohanan ED, Indel Money, said: “The way Indian businesses engage with global markets is evolving rapidly, and seamless cross-border payment infrastructure is becoming increasingly important.

This approval marks a significant milestone in our journey.”