Xflow Receives In-Principle PSP Approval at GIFT City IFSC

Bengaluru, India, June 3, 2026 – Xflow, a cross-border payments platform, today announced that it has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to operate as a Payment Service Provider (PSP) at GIFT City IFSC, marking a regulatory step in its expansion into infrastructure for international payment flows.

The approval places Xflow among a small group of fintech firms building regulated payment infrastructure within India's international financial services hub. Upon final authorisation, the PSP licence would allow Xflow to offer services such as multi-currency collections, cross-border remittances and merchant acquisition for businesses operating in and through GIFT City.

The framework would enable Xflow to support end-to-end payment flows into and out of the IFSC, positioning GIFT City as a base for handling international transactions through a regulated structure overseen by the International Financial Services Centres Authority.

Xflow already operates under multiple regulatory frameworks, including India's Payment Aggregator – Cross Border (PA-CB) and Payment Aggregator – Online (PA-O) authorisations, along with Money Services Business (MSB) registration in Canada. The GIFT City approval adds another layer to its regulatory footprint as it expands its cross-border payments infrastructure.

Xflow, which recently raised $16.6 million in Series A funding, is also exploring regulatory licences in markets including the United States, United Kingdom, Singapore and Hong Kong as part of its international expansion strategy.

Read the press release: CNBC-TV18