<h1>Fintech group and India subsidiary partner with rural phygital agent network to distribute remittances, wallets, lending</h1> A global fintech group and its fully owned India subsidiary have entered a strategic commercial alliance with a large rural 'phygital' retail network to distribute digital financial products via the network's hundreds of thousands of village-level agents. The collaboration contemplates joint distribution of cross-border remittances, micro-lending, digital wallets and UPI-enabled payments across India and key international corridors, leveraging existing licenses and a prepaid/UPI wallet platform. Key legal implications include contractual allocation of responsibilities, regulatory compliance across payments, foreign exchange and lending regimes, AML/KYC and data-privacy obligations, agent onboarding and liability frameworks, and potential supervisory review given cross-border operations.