Niyo expands into offline forex by acquiring Kanji Forex

Bengaluru-based fintech Niyo, via Finnew Solutions, has acquired Mumbai’s Kanji Forex to expand into the offline foreign exchange market. Founded in 1935, Kanji Forex will now operate as Niyo Forex, integrating with Niyo’s digital platform to offer forex cards and outward remittances under its AD Category II license. Amit Talwar, with 27 years’ banking experience at IndusInd and ICICI, has been named CEO.