Summary
Infibeam Avenues’ subsidiary, IA Fintech IFSC Pvt Ltd, has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to operate as a Payment Service Provider (PSP) in Gujarat’s GIFT City. This marks a key milestone in Infibeam’s efforts to expand its fintech operations into global payment and settlement services. The approval enables the company to offer cross-border money transfers, escrow services, and merchant acquisition under the GIFT City framework—India’s first operational International Financial Services Centre. The move aligns with India’s broader push to transform GIFT City into a global financial hub while giving Infibeam access to regulatory incentives, global markets, and new fintech opportunities.
In a strategic move aimed at expanding its global payments footprint, listed fintech company Infibeam Avenues Ltd announced that its wholly-owned subsidiary, IA Fintech IFSC Private Limited, has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to operate as a Payment Service Provider (PSP) within the special zone of GIFT City IFSC.
This approval is a significant milestone for Infibeam’s fintech ambitions. It empowers the subsidiary to offer services such as escrow arrangements, cross-border money transfers and merchant acquisition — all within the GIFT City framework.
What this means
With the PSP licence in place, IA Fintech IFSC will be
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