Reserve Bank of India (RBI) grants expanded Authorised Dealer Category II licence to GlobalPay

Exam-focused facts from the 8 August 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) granted GlobalPay an expanded Authorised Dealer Category II (AD II) licence under FEMA 2026.
The licence enables GlobalPay to offer a broader suite of regulated foreign exchange and cross-border payment services.
GlobalPay can now undertake all eligible non-trade current account transactions, excluding gifts and donations.
GlobalPay can facilitate inward and outward trade remittances up to ₹25 lakh.
The licence permits GlobalPay to appoint Forex Correspondent Agencies to expand the reach of regulated foreign exchange services across India.