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flag EbixCash World Money becomes first AD-II entity approved as a PSP at GIFT IFSC, enabling cross-border digital payments under regulation.

flag EbixCash World Money, a subsidiary of Eraaya Lifespaces, has become the first AD-II entity to receive in-principle approval as a Payment Service Provider (PSP) at GIFT IFSC, granted by IFSCA. flag The approval allows the company to offer account issuance, e-money issuance, merchant acquisition, and cross-border fund transfers under a regulated framework. flag This milestone supports India’s aim to establish GIFT IFSC as a global financial hub and enhances EbixCash’s role in cross-border digital payments.

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