On 3 November 2026 Razorpay said it received a final Payment Service Provider licence from IFSCA to operate in GIFT City. The licence follows April 2026 in-principle approval and enables foreign-currency cross-border flows, international collections, settlements and multi-currency accounts under one regulatory framework. Banking integrations with RBL Bank and ICICI Bank are live; investment platforms are expected to go live soon.

What it means: GIFT City is becoming a hub for lawful India cross-border flows. Greek exporters and platforms working with Indian customers or suppliers may see more licensed options for foreign-currency collections and payouts. Razorpay’s claim of 2–3 week integrations mainly targets Indian investment platforms, but points to standardised APIs. Greek and EU payment law is unchanged; it is a competition signal on India–overseas corridors. For Greek businesses and public bodies this means a practical review of contracts, timelines and compliance duties, and it is not investment or legal advice. IT, finance and compliance teams should document owners, review cycles and fallback processes before wider adoption or a vendor change. For Greek businesses and public bodies this means a practical review of contracts, timelines and compliance duties, and it is not investment or legal advice. IT, finance and compliance teams should document owners, review cycles and fallback processes before wider adoption or a vendor change.

Read the original on Razorpay Newsroom

Related service: myDATA integrations

Related stories