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' 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.