GANDHINAGAR, India — Indian financial technology company Razorpay has received the final Payment Service Provider licence from the International Financial Services Centres Authority, enabling it to launch new cross-border payment infrastructure through GIFT City. Announced on November 2, 2026, the development is intended to help investment platforms and financial businesses manage international money movement through a more integrated payment system. The company said its infrastructure will support transactions moving out of India as well as funds returning to the country, within the applicable regulatory framework.
GIFT City Infrastructure Targets International Investing
Interest among Indian residents in investing in overseas markets has increased, creating demand for payment infrastructure capable of handling international transfers and related compliance requirements. Razorpay cited Reserve Bank of India data showing that Indian residents invested $2.65 billion in overseas stocks and debt during FY26, a reported year-on-year increase of 56%.
Platforms offering global investment products often need to coordinate multiple banking partners, payment services, remittance arrangements, and regulatory processes. These requirements can make it difficult to provide a simple experience for customers. Razorpay’s GIFT City infrastructure is intended to bring these functions together through a unified service.
One API Connects Payment and Banking Capabilities
The company says its infrastructure allows brokers and wealth platforms to integrate once and access the payment capabilities needed to support international investing. The system is designed to simplify banking integrations, payment processing, compliance workflows, and reporting.
Razorpay said banking integrations with RBL Bank and ICICI Bank are already live on the network, with additional partners expected to join in the coming months. The company also said platforms could potentially bring certain international investing services live within two to three weeks, compared with the longer development periods associated with building fragmented payment arrangements independently.
Regulatory Compliance Remains Central
Cross-border investment transactions involve rules governing foreign exchange, remittances, investor eligibility, and reporting. Razorpay said its infrastructure is designed to operate in alignment with the Foreign Exchange Management Act and GIFT City regulations.
The licensing milestone gives the company a stronger position to offer regulated payment services within the international financial services centre. However, individual platforms and financial institutions will still need to meet the requirements applicable to their own products and customers.
Fintech Infrastructure Could Reduce Operational Complexity
The launch reflects a broader shift toward financial infrastructure providers that connect banking, payments, and compliance services through integrated technology. For investment platforms, reducing the number of separate integrations could simplify operations and improve the customer experience.
Razorpay’s expansion will depend on partner participation, regulatory execution, and adoption by brokers and wealth platforms. Its November 2 announcement represents a concrete step in extending its payment infrastructure into international financial flows connected to India’s growing overseas investment market.
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