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Incorporated in 2015, RNFI Services Limited is a financial technology firm that offers B2B and B2B2C solutions through its online portal and mobile application.
RNFI Services secured RBI in-principle approval to operate as a Payment Aggregator – Physical. This milestone expands the company’s licensed product stack into offline and in-store payments, strengthening its last-mile financial infrastructure and broadening monetization avenues across its existing distribution network.
RNFI Services has partnered with ASRLMS to onboard SHG members as BC Sakhis. This zero-cost collaboration aims to expand doorstep banking, boost rural financial inclusion, and create sustainable livelihoods across underserved areas, strengthening the company's grassroots market reach.
RNFI Services' board approved two new wholly-owned subsidiaries: one for P2P lending and another for fintech in Dubai. This strategic move aims to expand service offerings and strengthen fintech capabilities.
RNFI Services paid a Rs. 11,800 fine for a compliance reporting delay. The board confirmed the error was unintentional and has implemented internal controls to prevent future occurrences.
RNFI Services received RBI's in-principle authorization for a Payment Aggregator (Physical) license. This enables the company to leverage its network to directly operate in offline/in-store payments, strengthening and expanding its core business.