Archive · 22 Jan 2026
EbixCash Subsidiary Gets PSP Approval at GIFT IFSC
EbixCash World Money, a company that helps with international payments and money transfers, has received a special approval called PSP authorization at GIFT IFSC.
This makes Buyforex, a part of EbixCash, the first company of its kind to get this approval.
With this, Buyforex can now offer services like account issuance, electronic money issuance, and cross-border fund transfers.
This is a big deal because it helps India's goal of making GIFT IFSC a global center for financial services.
EbixCash is known for its digital financial services and has a wide network across India.
This approval helps them expand their services and support global commerce and remittances.
Buyforex, a subsidiary of EbixCash World Money, received in-principle PSP approval at GIFT IFSC.
This makes Buyforex the first AD-II group entity to receive such authorization.
The approval allows Buyforex to offer account issuance, e-money issuance, merchant acquisition, and cross-border fund transfers.
The authorization strengthens EbixCash's regulated payments footprint and supports GIFT IFSC's goal of becoming a global hub for financial services.
EbixCash is a leading player in international payments, foreign exchange, and remittance solutions with a wide network across India.
- Who
- EbixCash World Money, Buyforex, International Financial Services Centres Authority (IFSCA)
- What
- Buyforex receives in-principle PSP approval at GIFT IFSC
- When
- January 22, 2024
- Where
- GIFT IFSC (Gujarat International Finance Tec-City International Financial Services Centre)
- Why
- To strengthen regulated payments footprint and support GIFT IFSC as a global hub for cross-border payments and financial services
- Organizations Involved
- EbixCash World Money, Buyforex, International Financial Services Centres Authority (IFSCA)
- Location
- GIFT IFSC (Gujarat International Finance Tec-City International Financial Services Centre)
- Approval Received
- In-principle Payment Service Provider (PSP) authorization
- Key Payment Services Authorized
- Account issuance, E-money issuance, Merchant acquisition, Cross-border fund transfers
- Significance
- First AD-II group entity to receive PSP approval at GIFT IFSC
- EbixCash's Role
- Leading player in international payments, foreign exchange, and remittance solutions
- EbixCash's Commitment
- Building regulated, technology-driven financial platforms
