Archive · 28 Oct 2025
Infibeam Avenues Subsidiary Gets IFSCA Approval to Operate as PSP
Imagine you need to send money to a friend in another country.
Right now, it can take a long time and cost a lot because the money has to go through many banks.
Infibeam Avenues's new company, IA Fintech, just got permission to help with this.
They will use new technology to make sending money across borders much faster and cheaper.
This will help businesses in GIFT City and other international places send and receive payments more easily.
It's like getting a super-fast, affordable express lane for money transfers.
They will also help businesses manage money in special accounts and get payments from customers.
IA Fintech, a subsidiary of Infibeam Avenues, has received in-principle approval from IFSCA to operate as a Payment Service Provider (PSP).
The approval allows IA Fintech to offer services such as escrow account operations, cross-border money transfer, and merchant acquisition.
This new service aims to provide faster, more efficient, and cost-effective digital payment solutions for businesses in GIFT City and international markets.
IA Fintech's framework intends to replace traditional correspondent banking methods, which can be slow (36-48 hours) and expensive.
The company will leverage advanced digital settlement infrastructure to ensure near-instant, transparent, and cost-effective cross-border transactions.
- Who
- IA Fintech IFSC Private Ltd (a wholly-owned subsidiary of Infibeam Avenues Ltd)
- What
- Received in-principle approval to operate as a Payment Service Provider (PSP)
- When
- October 28, 2025
- Where
- Gujarat International Finance Tec-City (GIFT City)
- Why
- To provide digital payment and cross-border financial services, streamlining transactions and offering cost-effective solutions compared to traditional methods.
Current Payment Methods
IA Fintech's Proposed Solution
Transaction Speed and Efficiency
Current Payment Methods
Many firms in GIFT-IFSC rely on traditional correspondent banking, which can take 36-48 hours for international payments.
IA Fintech's Proposed Solution
IA Fintech aims to streamline transactions, ensuring near-instant cross-border payments through advanced digital settlement infrastructure.
Cost of Transactions
Current Payment Methods
Traditional correspondent banking arrangements often incur higher costs due to multi-step routing through overseas banks.
IA Fintech's Proposed Solution
IA Fintech's framework is designed to be cost-effective, leveraging digital infrastructure for transparent cross-border transactions.
- Company
- Infibeam Avenues Ltd
- Subsidiary
- IA Fintech IFSC Private Ltd (IA Fintech)
- License Type
- Payment Service Provider (PSP)
- Regulatory Body
- International Financial Services Centres Authority (IFSCA)
- Location
- Gujarat International Finance Tec-City (GIFT City)
- Key Services
- Escrow account operations, cross-border money transfer, merchant acquisition
- Approval Status
- In-principle approval
Sources
IFSCA proposes regulatory framework mandating demat for IFSC securities
Infibeam Arm Gets PSP Licence From GIFT City IFSC
Infibeam Avenues gets In-Principle approval from IFSCA to operate as Payment Service Provider
