Bharat Connect Expands Multicurrency Forex Services in India
The Reserve Bank of India's (RBI) Deputy Governor Rohit Jain announced the introduction of multicurrency capabilities for forex services on Bharat Connect at Global Fintech Fest 2026.
This initiative is being rolled out in a soft launch phase within a Controlled User Group (CUG), with five additional currencies and multiple forex services now available across participating partners. The supported currencies include the Euro (EUR), British Pound (GBP), Canadian Dollar (CAD), Swiss Franc (CHF), and UAE Dirham (AED).
The expansion of Bharat Connect's multicurrency capabilities aims to provide customers with greater choice while leveraging the existing FX-Retail infrastructure and transaction journey. Customers can access multiple forex services, including foreign currency purchase, overseas remittance, and forex card reload, through participating Bharat Connect channels.