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Razorpay Receives Final License to Expand Cross-Border Payments from GIFT City
Sentiment: NeutralHigh Priority
What Happened?
Razorpay has obtained a final Payment Service Provider license from the IFSCA to operate in GIFT City, enabling cross-border payments under a unified regulatory framework. This follows an earlier approval in April 2026.
Key points
- Razorpay's new license allows money movement into and out of India from GIFT City.
- The company aims to facilitate compliant cross-border financial flows.
- Razorpay's infrastructure supports global investing for Indian residents.
- The integration process for investment platforms is significantly shortened.
- Indian residents invested $2.65 billion in overseas stocks and debt in FY26.
Key insights
- Razorpay's infrastructure may streamline the investment process for users.
- The new license could attract more investment platforms to GIFT City.
- This move aligns with regulatory efforts to simplify cross-border investing.
Why it matters
This development could enhance the ease of cross-border investments for Indian residents.
Entities
Razorpay· CompanyGIFT City· LocationIFSCA· OrganizationRBL Bank· CompanyICICI Bank· Company
Source
Business Standard
