Indian payments company Razorpay has received its final Payment Service Provider licence from the International Financial Services Centres Authority, allowing it to operate its cross-border payment infrastructure from GIFT City. The approval, announced on November 3, gives the company a regulatory route to facilitate money movement into and out of India through the international financial services centre.
The licence follows in-principle approval granted to Razorpay in April 2026. The company is positioning the new infrastructure as a service for investment platforms, brokers and wealth businesses that want to offer Indian residents access to overseas financial markets.
A Single Infrastructure Layer for Global Investing
Razorpay said its GIFT City platform brings together international collections, settlements and multi-currency capabilities under one regulated infrastructure. The company aims to reduce the number of separate banking, compliance and remittance integrations that investment platforms need to manage when offering access to global equities.
The infrastructure has banking integrations in place with RBL Bank and ICICI Bank. Razorpay said platforms can complete integration in approximately two to three weeks, compared with processes that may otherwise take months. Additional banking partners and investment platforms are expected to join as the service expands.
The need for such infrastructure is growing as Indian residents increase their overseas investments. Razorpay cited data showing that Indian residents invested $2.65 billion in overseas stocks and debt during FY26, a 56% increase from the previous financial year.
GIFT City’s Role in Cross-Border Financial Services
GIFT City has been developed as an international financial services hub, with a regulatory framework intended to support financial activity between India and overseas markets. For payment providers, the environment offers a way to build services for foreign-currency transactions and international accounts within a dedicated regulatory structure.
Razorpay said the new licence will allow it to move money in foreign currency and hold funds in multi-currency accounts, supporting flows that go beyond its existing domestic payment operations. These include global investing services for Indian residents and financial transfers involving non-resident Indians.
What the Licence Changes for Platforms
Investment platforms that want to offer overseas equities often need to coordinate with multiple banks, remittance providers and compliance systems. Bringing those functions into a single integration could reduce onboarding complexity and make it easier for businesses to introduce international investment products.
However, the licence does not mean every platform will immediately begin offering global investments through Razorpay. The company said key investment platforms are expected to go live soon, while the current banking integrations provide the foundation for broader deployment.
A Larger Cross-Border Payments Opportunity
The approval strengthens Razorpay’s position in a market where payment infrastructure is becoming increasingly important to wealth management and international commerce. The next test will be how quickly platforms adopt the service and whether the company can maintain consistent settlement, compliance and operational standards as transaction volumes increase
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