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Recent Current Affairs related to IFSCA

4 News
6 June 2026 BANKING

Decentro has become the first Indian Payment Aggregator (PA) to secure final approval from the International Financial Services Centres Authority (IFSCA) to operate as a Payment Service Provider (PSP). The company will conduct its operations at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat.

Established in 2020, the company plans to launch 4 services under the PSP framework, which include merchant acquisition, virtual account issuance, cross-border money transfers, and escrow services.

21 May 2026 BANKING

ICICI Bank, in partnership with Visa, has launched India’s first USD-denominated debit card for Non-Resident Indian (NRI) customers.

The card was introduced through the International Financial Services Centre (IFSC) Banking Unit (IBU) located at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat. The card is built on the Visa Infinite platform, which is the highest tier in the Visa network.

30 April 2026 BUSINESS

The International Financial Services Centres Authority (IFSCA) has granted a licence to the Abu Dhabi National Insurance Company (ADNIC) to establish a reinsurance branch at the Gujarat International Finance Tec-City (GIFT City) in Gujarat. ADNIC is the first insurance provider based in the UAE to establish a presence within this international financial hub of India.

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