Indel Remit Receives RBI Approval for Trade Remittance Service

Mumbai, 4th August 2026: 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 India's growing cross-border payments ecosystem. Headquartered in Mumbai, Indel Remit currently holds an Authorized Dealer Category-II license from the RBI for foreign exchange business.

With the new license, Indel Remit is now authorized to undertake any non-trade current account transaction permissible under the Act, other than gift and donation and foreign trade transactions up to Rs 25 lakh per transaction. It has also strengthened the company's role in India's evolving cross-border payments mechanism. Traders can now make fast, secure, and reliable payments up to Rs 25 lakh per transaction through the Indel Money arm.

Commenting on the development, Umesh Mohanan ED & CEO at 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 to build a comprehensive and trusted foreign exchange platform. Our focus is on making international transactions more accessible, efficient, and transparent while maintaining the highest standards of regulatory compliance and customer service. We see this as an important step towards supporting India's growing global trade ecosystem."