I'd stay from anything that is not clearly legal. It is currently not illegal either. It is easy to track money these days. So, please stay away from it until RBI approves such entities.
I'd stay from anything that is not clearly legal. It is currently not illegal either. It is easy to track money these days. So, please stay away from it until RBI approves such entities.
It is out of India therefore RBI has no control on it
However, Era Finance Ltd is a registered agent of Pervesk UAB which is an electronic money institution authorised by the Central Bank of Lithuania (Licence No. 17) for the issuing of electronic money and payment instruments. Era Finance Ltd is not a bank and no banking services are provided on this website.