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RBI Grants Perpetual AD Category-II Licences to Niyo Forex and GlobalPay

6 August 2026National

The Reserve Bank of India (RBI) granted perpetual Authorised Dealer Category-II (AD-II) licences to Niyo Forex (operating via Kanji Forex Pvt Ltd) and GlobalPay (WSFx Global Pay Ltd) under the updated FEMA 2026 regulations. The licences allow the fintechs to scale cross-border payments, family maintenance remittances and non-trade current-account transactions, and to expand their branch networks without additional RBI approval. GlobalPay's expanded licence permits inward/outward trade remittances up to Rs 25 lakh.

Static GK

RBI established: 1 April 1935 | RBI Governor: Sanjay Malhotra | AD licences issued under: FEMA | RBI HQ: Mumbai

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RBI granted perpetual AD Category-II licences to fintechs Niyo Forex and GlobalPay (WSFx) under FEMA 2026 for cross-border forex services.

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