TNPSC Thervupettagam

International remittance business

January 7 , 2022 1055 days 732 0
  • Reserve Bank of India has approved Fino Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme.
  • The approval will enable the customers of Fino Payments Bank to receive money sent from foreign countries.
  • It also plans to partner with more leading money transfer operators (MTOs) to improve its cross-border remittance.

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