News > Fino Payments Bank gets RBI nod for international remittance business

Fino Payments Bank gets RBI nod for international remittance business

Fino Payments Bank today said it has received approval from the Reserve Bank of India (RBI) for starting international remittance business under the money transfer service scheme (MTSS).

The Bank will be undertaking inward cross-border money transfer activities and will be partnering with an overseas principal. It has also received the approval to partner with one of the largest global remittance service providers as its overseas principal.