Eraaya Lifespaces Ltd — Important, 21-01-2026: Company Update

Eraaya Lifespaces’ flagship subsidiary EbixCash World Money, via its wholly-owned unit Buyforex, has secured in-principle approval for a Payment Service Provider (PSP) license at GIFT IFSC. This makes Buyforex the first Authorised Dealer Category-II group entity to achieve this milestone. The approval allows Buyforex to offer key services including account and e-money issuance, merchant acquisition, and cross-border fund transfers. This significantly strengthens the group's regulated payments footprint, enhancing its ability to deliver secure, scalable payment solutions for global commerce and remittances, and supports GIFT IFSC's role as a growing international financial hub.