IFSCA Hosts Payments Forum 2026 at GIFT-IFSC to Boost Payments Ecosystem

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  • Last Updated on 20 February, 2026

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IFSCA Payments Forum 2026

Press Release; Dated: 13.02.2026

The International Financial Services Centres Authority (IFSCA) hosted the Payments Forum 2026 at GIFT-IFSC to strengthen the payments and settlement ecosystem and promote collaboration across financial sectors.

The Forum brought together stakeholders from:

  • Banking
  • Capital markets
  • Insurance
  • Fund management entities
  • Payment Service Providers (PSPs)
  • Fintech firms

  • Academia

1. Focus on Strengthening IFSC Payments Ecosystem

The Forum aimed to:

  • Apprise regulated entities of the evolving payments infrastructure in IFSC
  • Highlight recent regulatory and market developments
  • Enhance efficiency and reliability of cross-border transactions
  • Encourage collaboration among financial sector participants

The discussions focused on building a robust and globally competitive payments ecosystem within GIFT-IFSC.

2. Key Digital and Infrastructure Initiatives Highlighted

IFSCA highlighted several initiatives to strengthen digital onboarding and compliance infrastructure, including:

  • Digital onboarding enhancements
  • Video-based Customer Identification Process (V-CIP)
  • Integration with e-KYC Setu
  • DigiLocker integration (including passport access)
  • CKYCR 2.0 framework
  • PAN verification through the Protean portal

These initiatives aim to streamline onboarding, improve compliance efficiency, and support seamless cross-border financial services.

3. Platform for Collaboration and Innovation

The Payments Forum 2026 served as a platform for:

  • Dialogue between regulators and industry participants
  • Sharing of best practices and innovation
  • Identification of opportunities for ecosystem development
  • Strengthening partnerships across sectors

4. Regulatory Objective

Through the Forum, IFSCA reaffirmed its commitment to:

  • Building a world-class payment and settlement ecosystem
  • Promoting technology-driven financial services
  • Enhancing cross-border transaction efficiency
  • Positioning GIFT-IFSC as a global financial hub

5. Key Takeaway

The Payments Forum 2026 underscored IFSCA’s focus on strengthening digital infrastructure, regulatory coordination, and industry collaboration to develop a modern, efficient, and technology-enabled payments and settlement ecosystem at GIFT-IFSC.

Click Here To Read The Full Press Release

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied