Razorpay Wins Final IFSCA Licence for Cross-Border Payments

Razorpay has received the final Payment Service Provider (PSP) licence from the International Financial Services Centres Authority (IFSCA), allowing it to operate from GIFT City in Gujarat. The Indian fintech company says the licence lets it facilitate cross-border money movement to and from India under a single regulatory framework.

The final approval follows an in-principle clearance that IFSCA granted in April 2026. It moves Razorpay from a provisional stage to full authorisation to run payment services out of the international financial hub.

What Razorpay plans to offer

With the licence in hand, Razorpay plans to use its GIFT City-based infrastructure to support global investing, international collections, settlements and multi-currency transactions. The company has already integrated with partners for these services, according to the announcement, though further details were not available.

Why it matters

Cross-border payments remain a complex area for businesses and individuals, often involving several intermediaries and different regulatory regimes. Operating under a single framework from GIFT City could simplify how Indian companies collect money from overseas customers and how investors send funds abroad.

For Razorpay, the licence widens its role beyond domestic payments and positions it to compete for international transaction volumes handled from India's special financial zone.

The company has not yet shared a detailed timeline for launching each service. Further product rollouts from GIFT City are expected to follow now that the final licence is in place.