GlobalPay Launches Connect Platform to Scale Forex Card Distribution Ecosystem in India
Mumbai, July 20, 2026: WSFx Global Pay Ltd (GlobalPay), a leading entity in global payments and foreign exchange services in India, announced the launch of GlobalPay Connect. The new initiative is a strategic platform designed to expand India's forex distribution ecosystem by empowering licensed financial institutions to become Authorized GlobalPay Forex Card Distributors.The GlobalPay Connect platform enables various established businesses to offer GlobalPay’s secure, multi-currency forex card solutions as part of their product offerings. This includes Authorized Dealer Category-II (AD II) Forex Dealers, Full-Fledged Money Changers (FFMCs), and commercial Banks. By leveraging the platform, partners gain access to new business opportunities and revenue streams while enhancing customer relationships through reliable cross-border payment solutions.
The forex cards supported by GlobalPay Connect are equipped for international travel and global mobility needs. The card solutions support 30 currencies and are accepted in over 180 countries. Key functionalities include Tap & Pay capabilities and seamless load or reload options available through the GlobalPay App, which is noted as India's first Global Payments and Transit App.
Partnering for Growth
Through this dedicated platform, Authorized GlobalPay Forex Card Distributors benefit from a streamlined onboarding process. The partnership model includes access to GlobalPay’s established technology and compliance infrastructure, along with tailored support in marketing, business development, and relationship management. This framework is intended to accelerate the growth of partners while ensuring travellers, students, corporates, and international remitters receive a superior forex experience.The launch signifies a critical step for GlobalPay, moving beyond its role as a forex card issuer to building a comprehensive nationwide distribution network through strategic partnerships. With over four decades of expertise in foreign exchange, GlobalPay leverages its RBI Authorized Dealer Category-II (AD II) licence and its position as a BSE-listed company to support this expansion.
Srikrishna Narasimhan, CEO & Whole-Time Director at GlobalPay, commented on the launch: "At GlobalPay, we have spent over four decades building trust and expertise in India's foreign exchange ecosystem. The launch of GlobalPay Connect represents an important strategic milestone as we expand from being a forex card issuer to creating a wider distribution network through trusted partners."
Mr. Narasimhan added that the initiative serves to empower institutions with appropriate regulatory credentials and customer reach, providing them access to a robust and compliant forex solution. He affirmed the commitment to strengthening India's forex ecosystem by facilitating collaboration and innovation as cross-border travel continues to grow.
Company Background
WSFx Global Pay Ltd (GlobalPay) is an RBI AD-II licensed and BSE-listed company with specialized expertise in global payments, foreign exchange cards, and international money transfer. The company has a history spanning over 40 years in the foreign exchange industry. GlobalPay operates through a network of more than 25 branches across India, supported by over 850 corporate relationships and 650 agents, committed to delivering secure and transparent financial solutions.Stock Price Movement
WSFx Global Pay Ltd settled on Tuesday at ₹62.99, as shares edged higher after the close, gaining 0.78%. The stock experienced movement throughout the trading day, which ranged between a low of ₹62.00 and a high of ₹63.59.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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