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Gift City attracts digital payment firms seeking PSP licenses to serve global travelers and trade
Technology
Published on 5 May 2026
Razorpay and others want PSP approval for multi currency wallets
Cross-border digital payment firms are eyeing India’s Gift City as a growth hub, applying for Payment Service Provider (PSP) licenses to reach international travelers and businesses. Razorpay, Cashfree, and Skydo are exploring multi-currency wallet offerings and easier import export payments, aiming to build on existing RBI authorizations while expanding their offshore style services.
- Gift City is becoming a preferred destination for cross-border payment expansion
- Companies are seeking PSP licenses to offer services beyond existing RBI permissions
- Multi-currency wallets and smoother import export flows are key targets
- Razorpay Cashfree and Skydo are among firms exploring the route
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times