Wirecard’s Star Global Currency Exchange received an upgrade of its license issued by Reserve Bank of India to Authorized Dealer in Foreign Exchange (Category II).
The earlier license was a Full Fledged Money Changers (FFMC) Licensee with limited authority to deal only in buying and selling foreign currencies, traveller cheques and prepaid cards for travel related purposes.
Star Global’s new Authorized Dealer, Category II licensee empowers the company to handle further types of remittances and release of foreign exchange.
There are 17 additional activities permitted to AD Category II license holders such as disbursement of crew wages; remittances for overseas education or under educational tie up arrangements with universities abroad; remittances for medical treatments abroad; and many more.
Star Global Currency Exchange Private Limited has its registered & corporate office at Bengaluru and has taken a revolutionary approach to the Travel Related Foreign Exchange market for both individual and business traveller by providing high level of Customer Service at convenient locations.
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