WSFX Global Pay signs partnership with Mastercard Move for cross-border payments

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • WSFX Global Pay partners with Mastercard Move to enhance cross-border payments
  • Integration covers 200+ countries and 150+ currencies via Mastercard Move
  • Services target students, personal remittances, and business payments
  • Partnership announced at Global Fintech Fest 2026 in Mumbai
  • Rollout subject to applicable regulatory requirements and approvals
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WSFX Global Pay has entered into a strategic partnership with Mastercard Move to enhance its cross-border payments platform. The agreement was announced on September 10, 2026, at the Global Fintech Fest in Mumbai.

The collaboration combines WSFX Global Pay’s foreign exchange and regulatory capabilities in India with Mastercard Move’s global infrastructure. Mastercard Move operates across more than 200 countries and territories, supporting over 150 currencies.

Strategic Integration

WSFX Global Pay plans to progressively integrate Mastercard Move capabilities into its digital and API-led payments ecosystem. This integration aims to facilitate eligible cross-border payments across supported destinations and payout endpoints.

The partnership targets multiple customer segments:

  • Students and education payments
  • Personal remittances
  • Business and trade-related payments (progressive rollout)

All activities will comply with applicable regulatory requirements and approvals.

What the Numbers Show

The partnership leverages significant scale metrics. Mastercard Move’s reach of 200+ countries and 150+ currencies provides a broad foundation for WSFX Global Pay’s expansion. By integrating these capabilities, WSFX Global Pay aims to improve reach, speed, transparency, and connectivity in its cross-border offerings.

This move aligns with the company’s strategy to develop its platform focus on customer experience and operational efficiency.

Historical Stock Returns for WSFX Global Pay

1 Day5 Days1 Month6 Months1 Year5 Years
+3.11%+4.85%+2.92%+4.10%+9.36%0.0%

How might the integration of Mastercard Move's infrastructure impact WSFX Global Pay's transaction fees and competitive positioning against other Indian fintech players?

What specific regulatory hurdles could delay the progressive rollout of business and trade-related payment services under this partnership?

Will WSFX Global Pay prioritize specific emerging markets within the 200+ country network to maximize early adoption among student and remittance users?

WSFX Global Pay shares AGM notice, ₹1.50 dividend details for FY26

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Reviewed by
Riya DScanX News Team
Key Highlights
  • WSFX Global Pay shares web link to 39th AGM notice and FY26 Annual Report
  • Board recommends final dividend of ₹1.50 per share, subject to AGM approval
  • Record date set for September 16, 2026; AGM scheduled for September 23, 2026
  • No TDS on dividends up to ₹10,000 for eligible resident individuals
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WSFX Global Pay has shared the web link to its 39th Annual General Meeting (AGM) notice and the Annual Report for FY26. The Board of Directors has recommended a final dividend of ₹1.50 per equity share for the fiscal year.

The meeting is scheduled for September 23, 2026, at 3:00 pm via Video Conferencing or Other Audio Visual Means. Shareholders must approve the dividend payout during the AGM. The record date for determining eligibility is set for September 16, 2026.

Dividend and Tax Details

The recommended final dividend is ₹1.50 per equity share of face value ₹10 each. This represents a 15% payout on the face value. If approved, the dividend will be paid within 30 days of the AGM date, subject to applicable tax deduction at source (TDS).

No TDS will be deducted from dividends payable to resident individual shareholders if the aggregate dividend does not exceed ₹10,000 in the relevant financial year. Eligible resident shareholders may submit Form No. 121 under Section 393(6) of the Income-tax Act, 2025, to receive dividends without tax deduction. Non-resident shareholders can submit documents to avail benefits under the Double Taxation Avoidance Agreement (DTAA). The last date for submitting TDS documents is September 16, 2026.

Metric Detail
Dividend Amount ₹1.50 per share
Face Value ₹10
Record Date September 16, 2026
AGM Date September 23, 2026
TDS Document Deadline September 16, 2026

Compliance and Shareholder Updates

In compliance with Regulation 36(1)(b) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the company sent the web link containing the complete Annual Report details to shareholders who have not registered their email addresses with the company, registrar, or depository participant.

Physical shareholders are reminded to update their KYC details, including PAN, address, mobile number, and bank account details, as mandated by SEBI circulars. Shareholders holding physical shares are also requested to dematerialize them. Forms for nomination and KYC updation are available on the registrar’s website.

Queries regarding the AGM and shareholder services should be directed to the Registrar and Transfer Agent, Bigshare Services Private Limited.

Historical Stock Returns for WSFX Global Pay

1 Day5 Days1 Month6 Months1 Year5 Years
+3.11%+4.85%+2.92%+4.10%+9.36%0.0%

How does the recommended ₹1.50 dividend payout compare to WSFX Global Pay's dividend history and peer companies in the financial services sector?

What specific growth strategies or capital allocation plans has management outlined for FY27 to justify maintaining this dividend level?

Could the push for physical shareholders to dematerialize shares indicate upcoming changes in corporate governance or liquidity dynamics for the stock?

More News on WSFX Global Pay

1 Year Returns:+9.36%