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With the final approval, Razorpay can support international money movement, including global investments, collections and settlements, through its GIFT City-based infrastructure.
The latest approval comes after Vested received an IFSCA Global Access Provider (GAP) licence in April.
With these approvals, Skydo can now facilitate both incoming and outgoing international transactions for Indian businesses.
This authorization will allow the subsidiary to provide escrow solutions, facilitate international money transfers, and onboard merchants through the GIFT City framework.
