Razorpay Gets IFSCA Licence to Simplify Cross-Border Payments
Fintech company Razorpay has received its final Payment Service Provider (PSP) licence from the International Financial Services Centres Authority (IFSCA) to operate from GIFT City.
The approval allows Razorpay to expand its cross-border payment capabilities through a regulated infrastructure supporting international collections, settlements, foreign currency transactions, and multi-currency accounts.
The development follows the company's in-principle approval in April 2026 and marks a further step in its efforts to build payment infrastructure for businesses facilitating international financial transactions.
Simplifying Cross-Border Transactions
For an Indian investment platform looking to offer global equities, the payment process can involve several intermediaries.
A platform may need to establish banking partnerships, connect with remittance providers, develop compliance workflows, and manage settlements across different systems.
These arrangements can increase implementation costs, extend onboarding timelines, and create operational challenges as transaction volumes grow.
Razorpay is attempting to address this fragmentation through its GIFT City-based infrastructure, which brings banking...
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