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INTRODUCTION ith a view to develop GIFT - IFSC as a preferred jurisdiction for payment services ecosystem, IFSCA notified the IFSCA (Payment Services) Regulations in January, …
The IFSCA (Payment Services) Regulations, 2024 including the amendments made therein lay down the regulatory framework for Payment Service Providers and their activities in IFSC.
The term “payment system” refers to a set of instruments, rules, procedures, processes and interbank funds transfer systems that facilitate the transfer of money. It encompasses the …
Apr 18, 2024 · For instance, a regular payment service provider will have a minimum net worth requirement of USD 100,000 (or equivalent in a specified foreign currency) upon …
10. Whether the ancillary service provider extending the Fund Accounting Services under 'Administration Services' of IFSCA Ancillary services Framework is required to register …
Every service provider shall maintain its books of accounts, records, and documents in such foreign currency, as may be declared at the time of making an application.
5 days ago · Should you have any queries on issues related to Payment Services, market participants and other stakeholders should not hesitate to write to Supriyo Bhattacharjee, …
2 Substituted vide Notification No. IFSCA/GN/2024/002 dated 2nd April, 2024. Before substitution, it stood as under: '(l) “escrow service” means the service provided by a payment service …
Aug 12, 2025 · The IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services …
3 days ago · Home Legal Framework RegulationSelect Issuing Authority
Aug 11, 2025 · The IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services …
Nov 4, 2024 · On January 29, 2024, the International Financial Services Centre Authority (“IFSCA”) notified the IFSCA (Payment Services) Regulations, 2024, for the regulation and …
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