LEXI Money IFSC Obtains In-Principle Nod from IFSCA for Cross-Border Payment Services
The license authorizes LEXI to act as a Payment Service Provider (PSP) at India's primary financial hub, GIFT-IFSC, located in Gandhinagar, Gujarat.
With this regulatory milestone, LEXI plans to deploy advanced AI-driven mechanisms to optimize cross-border B2B trade payments.
Operating from GIFT City will allow LEXI to benefit from the global tax and regulatory concessions designed for international financial services.
This development is expected to strengthen India's financial technology corridor, providing seamless international transaction infrastructure to domestic and global merchants.
Key Facts / Static GK
IFSCA Headquarters: Gandhinagar, Gujarat
GIFT City: Gujarat International Finance Tec-City
Practice Quiz — 27 June 2026
Q1. Consider the following statements regarding the RBI's draft Master Directions on Term Money Markets: 1. Non-Banking Financial Companies (excluding Base Layer NBFCs) have a maximum borrowing limit of 200% of their Net Owned Funds (NOF). 2. Standalone Primary Dealers (SPDs) can borrow up to 400% of their NOF in the Call & Notice Money Market. 3. Transactions executed outside the NDS-CALL platform must be reported within 15 minutes. Which of the statements given above are correct?
Q2. Which bank has partnered with the AI-driven fintech platform jUMPP as its Payment Service Provider (PSP) bank for its UPI operations?
Q3. The AI-powered trade and payments platform LEXI Money has received in-principle approval to operate as a Payment Service Provider from which regulatory body?
Q4. The Rajolibanda Diversion Scheme (RDS) is an interstate irrigation project built across which river?
Q5. Under which international regulatory framework does the World Health Organization (WHO) declare a Public Health Emergency of International Concern (PHEIC)?
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