This brief provides a structured overview of the regulatory framework governing Payment Services Providers (PSPs) operating from GIFT IFSC under the IFSCA (Payment Services) Regulations, 2024. It outlines the scope of regulated payment services, eligibility criteria, PSP classifications, authorization thresholds and other regulatory requirements. The document further summarizes key governance, reporting, and ongoing compliance obligations applicable to PSPs operating in IFSC, enabling entities to assess regulatory readiness and compliance expectations under the IFSCA regime.
India Juris advises domestic and international entities on structuring, licensing, and regulatory compliance for payment and fintech businesses in GIFT IFSC.
