PayGlocal receives IFSCA in-principle approval to establish payment service provider in GIFT City
According to PayGlocal, it will focus on building capabilities to support Indian merchants wherever their customers are. Over time, the company also aims to support bu
Via Entrackr
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"Cross-border payments company PayGlocal has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to establish a wholly owned subsidiary (WoS) as a Payment Service Provider (PSP) in GIFT-IFSC. The approval covers account issuance, including e-money accounts, cross-border money transfers and merchant acquisition, giving PayGlocal a regulated base to serve businesses operating across markets. Last year, the company received final authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator Cross Border (PA-CB) for…
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