Foreign Exchange Manager

Location: Delhi CTC: Up to ₹24 LPA About the Role Paisalo Digital Limited is looking for an experienced professional to lead the Forex, Remittance, and Prepaid Card business. The incumbent will be responsible for developing and scaling cross-border payment solutions, managing banking and network partnerships, ensuring regulatory compliance, and driving revenue growth through forex and remittance products. Key Responsibilities: Business Development & Revenue Growth Build and scale Forex, Remittance, and Prepaid Card business verticals.

Develop partnerships with banks, AD-II license holders, payment networks, travel companies, educational consultants, and corporate clients. Drive revenue generation through foreign exchange transactions, outward remittances, inward remittances, and prepaid card programs. Identify new business opportunities and market expansion strategies.

Forex & Remittance Operations Manage end-to-end forex and remittance operations. Oversee inward and outward remittance processes. Ensure smooth transaction processing, settlement, reconciliation, and customer servicing.

Monitor transaction volumes, profitability, and operational efficiency. Prepaid Card Programs Lead prepaid forex/travel card product implementation and management. Coordinate with Visa, Mastercard, RuPay, issuing banks, and technology partners.

Manage card issuance, reloads, settlements, disputes, and program performance. Develop new prepaid card use cases for retail, corporate, and institutional customers. Compliance & Regulatory Management Ensure compliance with RBI, FEMA, AML, KYC, and applicable regulatory requirements.

Liaise with auditors, banking partners, and regulatory stakeholders. Develop SOPs, controls, and governance frameworks for the business. Stakeholder Management Work closely with Product, Operations, Finance, Technology, Risk, and Compliance teams.

Manage external partnerships and commercial negotiations. Drive implementation of scalable and compliant processes. Desired Candidate Profile Graduate in Finance, Commerce, Business, Economics, or related discipline.

MBA preferred. 8–15 years of experience in Forex, Remittances, International Payments, Travel Cards, Banking, Fintech, or Payments. Strong understanding of: Forex Operations Inward & Outward Remittances FEMA & RBI Regulations LRS Framework AML/KYC Compliance Prepaid Card Programs Cross-Border Payments Banking Partnerships Experience in launching or managing forex/remittance products will be preferred. Strong stakeholder management and business development capabilities.