Economy, Banking and Finance · 28 June 2026

International Financial Services Centres Authority (IFSCA) approves LEXI Money IFSC Private Limited as Payment Service Provider

Exam-focused facts from the 28 June 2026 current affairs briefing.

Key facts

  • The International Financial Services Centres Authority (IFSCA) has granted in-principle approval to LEXI Money IFSC Private Limited to operate as a Payment Service Provider at GIFT-IFSC, Gandhinagar.
  • The Government of India has set a target to achieve $2 trillion in exports by 2030.
  • Estimated exports for the fiscal year 2025-26 stand at $860 billion.
  • LEXI will facilitate multi-currency settlements and address challenges regarding delayed GST refunds, unclaimed export incentives, and compliance documentation.
  • The company is required to obtain the Certificate of Authorisation to fully operationalise its services at GIFT City.

View this story in the full daily briefing

Earlier coverage selected by topic similarity to help connect developments over time.

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