IFSCA

It has granted in-principle approvals to a payments company and a global bank.[1] source: Business Today[2] source: The Hindu BusinessLine Mastercard Move's partner Glomopay is described as IFSCA-regulated.[3] source: ET Small Business IFSCA also plans to expand GIFT City's bullion-trading infrastructure into energy, base metals and agriculture derivatives.[4] source: Business Today

In September 2026, PayGlocal received in-principle IFSCA approval to set up a payment service provider subsidiary in GIFT City, covering e-money accounts, cross-border transfers and merchant acquisition.[1] source: Business Today The Hindu BusinessLine reported in September 2026 that 9 payment-service providers have been authorised so far and 10-15 more are at an advanced licensing stage.[5] source: The Hindu BusinessLine Razorpay IFSC and EbixCash World Money Global IFSC applied in July, and Regulus Pay IFSC applied in August.[5] source: The Hindu BusinessLine The IFSC's unified regulatory framework and lower capital requirements are drawing these firms.[5] source: The Hindu BusinessLine

In August 2026, Standard Chartered received IFSCA in-principle approval to distribute capital-market products from GIFT City, enabling a planned launch of retail wealth management services.[2] source: The Hindu BusinessLine In August 2026, Business Today reported that IFSCA's commodity plan could improve exchange-based commodity access and trade finance for qualified jewellers, commodity traders and SMEs.[4] source: Business Today