WSFx Global Pay Expands RBI AD Category II License

WSFx Global Pay Ltd (GlobalPay) has received an expanded Authorised Dealer Category II (AD II) license from the Reserve Bank of India (RBI). This enhanced authorization significantly broadens the scope of foreign exchange and cross-border payment services the company can offer. The expanded license allows GlobalPay to undertake eligible non-trade current account transactions, facilitate trade remittances up to INR 25 lakh, and appoint Forex Correspondent Agencies. This move reinforces GlobalPay's position as a leading cross-border payments fintech in India, enabling it to cater to a wider range of customer needs in international trade, remittances, and foreign exchange.