Policy
Niyo wins GIFT City payment licence
By Startup Enthusiast ·
- Date
- Company
- Niyo
- What it does
- GIFT City payment licence
- Kind
- Policy
- Based in
- Bengaluru
- Founded
- 2015
What they do
Niyo received a Payment Service Provider licence from the IFSCA, the GIFT City regulator, announced on 8 September 2026
What happened
It will build international financial services from GIFT City, going beyond travel forex into new cross-border needs
Why it matters
Planned areas include overseas education, employment, spending and money transfers, alongside a growing digital and branch network
The details
- IFSCA granted Niyo a Payment Service Provider licence.
- Niyo will operate from GIFT City.
- It plans services in education, employment, spending and money transfers.
More on Niyo
- Niyo income rises 78% to ₹178 crore1 October 2026 · Results · ₹178 Cr
- Niyo acquires RemitX forex business for ₹11.4 crore1 September 2026 · Acquisition · ₹11.4 Cr
- Niyo Forex gets permanent RBI dealer licence3 August 2026 · Policy
- Niyo launches zero-markup forex model17 April 2026 · Launch
- Niyo Forex opens Chennai branch1 April 2026 · Launch
- Niyo brings back Sai Sankar as forex chief9 February 2026 · People
- Niyo cuts FY25 net loss 55% to ₹78 crore23 October 2025 · Results · ₹78 Cr
- Niyo raises $30 million from Multiples12 July 2022 · Funding · $30 million
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