Regulatory Alerts2026-01-15 | EPD Circular Letter No. 02 of 2026 of 2026Added · Updated
Amendment in Instructions Related to Business of Exchange Companies
The document adds sub-para (h) to Para 12, Chapter 7 of the Regulatory Framework for Exchange Companies, authorizing Exchange Companies to disburse home remittances digitally through Raast. This authorization is conditional upon obtaining prior approval from the Exchange Policy Department and completing Raast onboarding requirements. The instruction permits the digital transfer of funds to beneficiary accounts or wallets maintained with Banks, Microfinance Banks, or Electronic Money Institutions.
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