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
10 entities on the IFSCA register. Live data from the IFSCA directory.
| Entity | Sub-category | Registration | Validity |
|---|---|---|---|
| Appreciate Payments IFSC Private Limited | Payment Service Provider | IFSC/PSP/2026-27/00814 Jul 2026 | Perpetual / Not stated |
| Betafront Financial Services IFSC Private Limited | Payment Service Provider | IFSC/PSP/2025-26/00311 Apr 2025 | Perpetual / Not stated |
| Bharat FinOps IFSC Private Limited | Payment Service Provider | IFSC/PSP/2026-27/00513 Apr 2026 | Perpetual / Not stated |
| Decfin Fintech Services IFSC Private Limited | Payment Service Provider | IFSC/PSP/2026-27/00727 May 2026 | Perpetual / Not stated |
| Finnew Global Solutions IFSC Private Limited | Payment Service Provider | IFSC/PSP/2026-27/01002 Sept 2026 | Perpetual / Not stated |
| Glomo Payments IFSC Private Limited | Payment Service Provider | IFSC/PSP/2024-25/00111 Feb 2025 | Perpetual / Not stated |
| INDmoney Payments IFSC Private Limited | Payment Service Provider | IFSC/PSP/2025-26/00412 Feb 2026 | Perpetual / Not stated |
| Interpolitan Money IFSC Private Limited | Payment Service Provider | IFSC/PSP/2026-27/00616 Apr 2026 | Perpetual / Not stated |
| Vested Payments IFSC Private Limited | Payment Service Provider | IFSC/PSP/2026-27/00916 Jul 2026 | Perpetual / Not stated |
| Zincmoney PSP IFSC Private Limited | Payment Service Provider | IFSC/PSP/2024-25/00224 Feb 2025 | Perpetual / Not stated |
Timeline & approach
How we take Payment Service Provider from plan to authorisation
Step 1
Eligibility & structure
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
Unit application to the Development Commissioner, Letter of Approval, office space lease and NDC/customs registrations.
Step 3
IFSCA application
Application, business plan, policies (AML/CFT, risk, outsourcing, cyber), KMP profiles and query resolution until in-principle approval.
Step 4
Go-live & compliance calendar
Bank account, systems, statutory registrations, commencement intimation and handover to a live obligation calendar in your Gateway portal.
Scope & commercials
Confirmed in writing after a scope review
We read your structure, activity and regulatory route first, then set out the scope and engagement terms in writing.
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 and the execution approach.
- • 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