Razorpay secures final licence for cross-border payments from GIFT City

Razorpay has obtained final licensing approval to expand its cross-border payment operations from GIFT City, the international financial centre located in Gujarat. The regulatory clearance enables the payments platform to facilitate foreign currency transfers and offer multi-currency accounts to customers through a single integrated framework.

The licence represents a key milestone for Razorpay's international expansion strategy, allowing the company to serve customers across borders more efficiently. Operating from GIFT City provides the fintech with access to a specialized regulatory environment designed to support financial services and technological innovation.

Under the approval, Razorpay can now manage multi-currency transactions and foreign exchange services through its GIFT City operations, streamlining processes for businesses and customers requiring cross-border payment solutions. The single regulatory framework simplifies compliance and operational requirements across different jurisdictions.

The development underscores India's emergence as a regional fintech hub, with GIFT City playing an increasingly important role in enabling Indian financial services companies to scale their international operations. For Razorpay, which has positioned itself as a leading player in India's payments ecosystem, the licence opens new avenues for growth in South and Southeast Asian markets.

Razorpay joins other Indian financial services firms leveraging GIFT City's regulatory framework to expand cross-border capabilities and compete at the regional level.