LivQuik seeks approvals from RBI to start foreign remittance services

Future Group payments affiliate LivQuik to launch foreign remittance services at stores

LivQuik Technology has written to the Reserve Bank of India seeking regulatory approvals to start its foreign remittance services. Fifteen million FuturePay users will be able to receive money from outside India directly in their QuikWallet which is a part of Future Pay app. 

Mohit Lalvani, founder and CEO of LivQuik told Business Standard "customers with family members working in the Gulf States or anywhere across the world will be able to receive foreign remittances in cash or bank transfers linked to their FuturePay wallet. We have fully developed the technology and integrated it with Future Group’s payments platforms.”

"We have applied