Umesh Mohanan, ED & CEO, Indel Money
Indel Money Ltd said its foreign exchange division, Indel Remit, has received RBI approval to offer trade remittance services.“With the new license, Mumbai-headquartered Indel Remit is now authorized to undertake any non-trade current account transaction permissible under the (Foreign Exchange Management) 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 ₹25 lakh per transaction through the Indel Money arm,” per an Indel Money statement.Umesh Mohanan, ED & CEO, Indel Money, said the company’s focus is on making international transactions more accessible, efficient, and transparent while maintaining the highest standards of regulatory compliance and customer service.Published on August 6, 2026
