Payment service provider authorisation governs IFSC operations, exempt entities, permitted services, and significant provider designation. Persons seeking to provide Payment Services in or from an IFSC must obtain authorisation as a Payment Service Provider through an application in the ... Summary
International Financial Services Centres Authority (Payment Services) Regulations, 2024
Payment service provider authorisation governs IFSC operations, exempt entities, permitted services, and significant provider designation.
Persons seeking to provide Payment Services in or from an IFSC must obtain authorisation as a Payment Service Provider through an application in the specified format and manner, accompanied by a non-refundable fee. Schedule IV persons are exempt. Authorised providers may offer services listed in Part A of Schedule I, while those also meeting Part C conditions are designated Significant Payment Service Providers.
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