Razorpay gets final IFSCA licence for GIFT City operations
In short
Razorpay said it has received the final PSP licence from IFSCA to operate from GIFT City. The licence will let it support cross-border payments, multi-currency accounts, and global investments for Indian residents.
This matters because it expands Razorpay’s regulated reach in international payments. The reporting does not say when the services will start or how big the business could be.
What the reporting says
Razorpay secured the final PSP licence from IFSCA to operate from GIFT City, enabling cross-border transactions, multi-currency accounts, and global investments for Indian residents. The licence gives the company a regulatory base for international payment services from the Gujarat hub. The reporting does not state when services will begin or any transaction volume targets.
Why it matters
Razorpay secured the final PSP licence from IFSCA to operate from GIFT City, giving it permission to offer cross-border transactions, multi-currency accounts, and global investments for Indian residents. The licence is an important regulatory step for its international payments business. The report does not state launch timing, revenue impact, or whether the licence changes existing services.