Economy, Banking and Finance · 27 January 2026
International Financial Services Centres Authority (IFSCA) grants in-principle PSP approval to Buyforex at GIFT IFSC.
Exam-focused facts from the 27 January 2026 current affairs briefing.
Key facts
- EbixCash World Money’s subsidiary Buyforex has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to operate as a Payment Service Provider in GIFT IFSC.
- Buyforex becomes the first Authorised Dealer Category-II entity to secure such approval in GIFT IFSC.
- The approved services include account issuance, e-money issuance, merchant acquisition, and cross-border fund transfers.