WSFX Global Pay

WSFx Global Pay Limited announced a series of milestone launches at the Global Fintech Fest 2025. The BSE-listed company, which operates as GlobalPay and holds Reserve Bank of India Authorized Dealer Category II license with over 30 years in foreign exchange and cross-border payments, will introduce several new products. These include a co-branded card through partnership with a corporate expense management player, Xplorer - India's first pay-per-use metal prepaid global card for frequent travelers through an invite-only program, and a single-currency card allowing travelers to load one base currency and switch across multiple currencies. The company will also announce a roadmap to tokenization of mobile wallets for secure contactless payments and launch India's first Global Transit App combining forex card management, outward remittance, and transit services. Founder Dilip Modi stated the new GlobalPay aims to deliver complete solutions for cross-border payments and travel, while CEO Srikrishna Narasimhan emphasized the shift toward prepaid instruments with pay-per-use benefits and zero-fee forex services.

WSFx Global Pay Limited reported quarterly results showing gross turnover of INR 1,094 crores, revenue from operations of INR 18.44 crores, and profit before tax of INR 0.16 crores. The company experienced seasonal softness in Q1, particularly in leisure and student segments, due to geopolitical tensions including Indo-Pak and Iran-Israel conflicts, visa restrictions affecting U.S. approvals and delays in Canada and UK markets, and flight cancellations impacting travel plans. The corporate segment showed positive momentum with increased digital adoption, while the Global Pay Card business continued growing with strong reload volumes. The company launched a Multi-Currency Card in July 2025 and serves over 100,000 customers through 21 branches with 350+ forex experts. WSFx operates across three main segments: student services with 400+ consultants serving 35,000+ students, corporate solutions for 850+ clients including Accenture, Siemens, and EY, and leisure travel serving 30,000+ customers with 300+ B2B partners.

Ilamparithi J has resigned from his position as Chief Product Officer of WSFx Global Pay Limited, effective July 31, 2025. He submitted his resignation on July 24, 2025, citing personal aspirations and the desire to pursue opportunities outside the organization. The resignation will take effect from the close of business hours on July 31, 2025.