Positive impactSector
Razorpay, Regulus Pay, EbixCash among 15 payment firms lining up for GIFT City licences
BusinessLine 1 hr ago·11 Sept 2026, 12:32 pm
GIFT City in Gujarat is seeing a surge in applications from payment firms, including Razorpay, Regulus Pay, and EbixCash, for its International Financial Services Centre (IFSC) licence. This move allows these companies to operate within a unified regulatory framework, simplifying their ability to serve multiple financial services businesses from a single hub.
For investors, this development signals a strengthening of India’s financial infrastructure. A robust IFSC can attract global capital and offer new avenues for Indian fintech firms to expand their reach. It also reflects the government’s push to create a competitive global financial hub, which could have long-term benefits for the broader market.
Investors should watch for the regulatory approvals and the subsequent launch of services. The success of these firms in GIFT City will depend on their ability to compete on a global stage and the volume of international business they attract.
Excerpt from BusinessLine
Razorpay IFSC, Regulus Pay IFSC and EbixCash World Money Global IFSC are among the 10-15 payment-service providers who are at an advanced stage of setting up operations in GIFT City. The development comes as payment companies increasingly look to the International Financial Services Centre in Gujarat as a base for…Read the original at BusinessLine
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