<h1>Forex house launches tech-driven prepaid and cross-border payment products; must comply with FEMA and RBI/AML, data-security, disclosure rules</h1> A BSE-listed, RBI-authorized dealer Category II licensed forex house announced technology-driven prepaid and cross-border payment products, including co-branded corporate expense solutions, a pay-per-use metal prepaid card, a single-currency multi-switch card, tokenization for mobile wallets, and an integrated transit and forex app. Legally relevant issues include adherence to RBI/foreign exchange regulations, consumer protection and disclosure obligations for prepaid instruments, data-security and tokenization standards, AML/KYC compliance for outward remittances and cross-border transfers, contractual allocation of liability with partners, and ongoing regulatory reporting and licensing risk as products roll out.