Payment Systems & Services
Payment Service Provider
Payment system operators and payment service providers
About this entity type
A very brief overview
IFSCA authorises Payment System Providers (operating a payment system such as clearing, settlement or card networks) and Payment Service Providers (offering cross-border remittance, merchant acquiring, e-money or account-issuance services) from the IFSC, with prescribed net worth, technology, safeguarding-of-funds and cyber-resilience conditions.
Who it suits: Cross-border payment platforms, remittance providers, PSPs and card/network operators.
Applicable regulation
IFSCA (Payment Services) Regulations, 2024
Authorisation categories, net worth, safeguarding of customer funds, outsourcing, cyber-security and reporting.
Official source
Registered entities
Entities registered under Payment Service Provider
0 entities on the IFSCA register. Live data from the IFSCA directory.
| Entity | Sub-category | Registration | Validity |
|---|---|---|---|
| No entities on the register for this category yet. | |||
Timeline & approach
How we take Payment Service Provider from plan to authorisation
Step 1
Eligibility & structure
Week 1
We map your activity to the right IFSCA category and sub-category, confirm net worth, KMP and shareholding eligibility, and fix the holding structure.
Step 2
SEZ unit approval
Weeks 2–4
Unit application to the Development Commissioner, Letter of Approval, office space lease and NDC/customs registrations.
Step 3
IFSCA application
Weeks 3–8
Application, business plan, policies (AML/CFT, risk, outsourcing, cyber), KMP profiles and query resolution until in-principle approval.
Step 4
Go-live & compliance calendar
Weeks 8–14
Bank account, systems, statutory registrations, commencement intimation and handover to a live obligation calendar in your Gateway portal.
Indicative cost
USD 6,000 – 14,000 authorisation support
Depends on the number of payment services sought and technology-audit scope.
Why GIFT City Gateway
Why sponsors pick us for this
Category specialists
We work only on GIFT IFSC mandates — the regulation, the reviewer questions and the SEZ process are our daily work.
One accountable owner
A named Gateway lead runs your application end to end, not a rotating coordinator queue.
Live intelligence
We track every authorised entity in this category, so your structure is benchmarked against real precedents.
Setup to steady state
Registration hands over into a live compliance calendar in your client portal — no gap after go-live.
Next step
Tell us what you need for Payment Service Provider
Share your plan and we respond with the eligibility read, the document list, the indicative timeline and a fee.
- • Eligibility and net-worth check against the applicable regulation
- • Structure options (branch vs subsidiary, holding jurisdiction)
- • Week-by-week plan across SEZ and IFSCA
- • Fixed-fee proposal with the compliance calendar that follows
Lead details