Gandhinagar, July 1 -- Cross-border payments platform HiWi Forex Transaction Services Private Limited, operating as HiWiPay, has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to establish a wholly owned subsidiary as a Payment Service Provider (PSP) at Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC).

Geeta Chauhan, Co-Founder, HiWiPay, said, "Receiving in-principle approval from IFSCA is a significant milestone for HiWiPay and an important step towards our vision of building a globally connected payments platform from GIFT IFSC."

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