New Launch27 Oct 2025, 07:31 pm
Infibeam Avenues Subsidiary Receives In-Principle Approval as Payment Service Provider in GIFT-IFSC
AI Summary
Infibeam Avenues Ltd. is pleased to announce that its wholly owned subsidiary, IA Fintech IFSC Private Limited, has received an In-Principle Approval from the International Financial Services Centres Authority (IFSCA) to act as a Payment Service Provider (PSP) in GIFT-IFSC. This approval allows IA Fintech to carry out Escrow Service, Cross Border Money Transfer Service, and Merchant Acquisition Service. This is a significant step for the company, expanding its service offerings and reach in the financial services sector.
Key Highlights
- Infibeam Avenues' subsidiary, IA Fintech IFSC Private Limited, received In-Principle Approval from IFSCA to act as a PSP in GIFT-IFSC.
- The approval allows IA Fintech to offer Escrow Service, Cross Border Money Transfer Service, and Merchant Acquisition Service.
- This is a significant move for Infibeam Avenues, expanding its service offerings and reach in the financial services sector.
- The approval is a testament to Infibeam Avenues' commitment to providing innovative financial solutions.
- The details of the approval are available on the company's website.