Razorpay receives final Payment Service Provider licence from IFSCA for GIFT City operations

Key facts

• Razorpay received the final Payment Service Provider (PSP) licence from the International Financial Services Centres Authority (IFSCA) to operate from Gujarat International Finance Tec-City (GIFT City).
• The licence follows the in-principle approval granted to Razorpay in April 2026.
• The licence enables Razorpay to facilitate international collections, settlements, global investments and multi-currency transactions through its GIFT City-based infrastructure.
• Razorpay has completed banking integrations with RBL Bank and ICICI Bank, while integrations with investment platforms are expected to go live in the coming weeks.
• Indians invested $2.65 billion in overseas stocks and debt in FY26, up 56% from the previous year, according to data cited by Razorpay.
• Razorpay claims its integration timelines, which typically take several months, could be reduced to two to three weeks.