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BHARAT NEETI

Be Ahead With Economy And Policy Updates

GlobalPay Launches GlobalPay Connect to Expand India’s Forex Distribution Ecosystem

Image courtesy: WSFx Global Pay Ltd
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Mumbai: WSFx Global Pay Ltd (GlobalPay) (BSE: 511147), the trusted standard in global payments and India’s most trusted name in foreign exchange and cross-border payments, today announced the launch of GlobalPay Connect, a Forex Card Distribution Platform, a strategic partner initiative that enables RBI-authorized forex businesses to become Authorized GlobalPay Forex Card Distributors. Through the platform, partners can offer secure, multi-currency forex card solutions to their customers while unlocking new business and revenue opportunities.

GlobalPay Connect is open to Authorized Dealer Category-II (AD II) Forex Dealers, Full-Fledged Money Changers (FFMCs), and Banks, enabling them to offer GlobalPay’s secure multi-currency forex cards as part of their product portfolio. Supporting 30 currencies, accepted in 180+ countries, and equipped with Tap & Pay functionality and seamless load/reload through the GlobalPay App (India’s First Global Payments & Transit App), the card provides a convenient and secure payment solution for global travellers. The platform also enables partners to unlock new revenue opportunities while strengthening customer relationships through trusted cross-border payment solutions.

Through GlobalPay Connect, Authorized GlobalPay Forex Card Distributors will benefit from a seamless onboarding process, dedicated relationship management, marketing and business development support, operational assistance, and access to GlobalPay’s established technology and compliance infrastructure.

The platform has been designed to help partners accelerate business growth while delivering a superior forex experience to travellers, students, corporates, and international remitters. The launch marks a significant milestone in GlobalPay’s growth journey, strengthening its position from being a forex card issuer to building a wider nationwide distribution ecosystem through strategic partnerships. With over four decades of forex expertise, an RBI Authorized Dealer Category-II (AD II) licence, a BSE-listed entity, and a strong pan-India presence, GlobalPay aims to empower partners with a comprehensive, compliant, and scalable forex card distribution model.

Srikrishna Narasimhan, CEO & Whole-Time Director, GlobalPay, said, “At GlobalPay, we have spent over four decades building trust and expertise in India’s foreign exchange ecosystem. The launch of GlobalPay Connect, our Forex Card Distribution Platform, represents an important strategic milestone as we expand from being a forex card issuer to creating a wider distribution network through trusted partners. We believe that institutions with the right regulatory credentials and customer reach deserve access to a robust, compliant, and scalable forex solution that enables them to grow alongside us.

Through this initiative, we are not only expanding access to secure multi-currency forex cards across the country but also empowering our partners with the tools, support, and expertise required to build a sustainable and profitable business. As cross-border travel, education, and global mobility continue to grow, we remain committed to strengthening India’s forex ecosystem through collaboration, innovation, and long-term partnerships.”

India’s outbound travel, overseas education, and international business activities continue to witness steady growth, driving increased demand for secure and convenient foreign exchange solutions. Through GlobalPay Connect, GlobalPay seeks to strengthen the country’s forex infrastructure and expand access to trusted forex card solutions across a wider customer base.
The launch further reinforces GlobalPay’s commitment to building a robust, technology-enabled, and partner-led forex ecosystem that combines regulatory excellence with customer-centric innovation. By working closely with licensed institutions across India, the company aims to make secure, compliant, and seamless cross-border payment solutions more widely accessible while creating long-term value for its partners.

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