Eraaya lifespaces Limited announced on January 21, 2026, that its flagship subsidiary EbixCash World Money has achieved a significant regulatory milestone at GIFT IFSC. Buyforex, a wholly owned subsidiary of EbixCash World Money, has received in-principle approval for Payment Service Provider (PSP) authorization from the International Financial Services Centres Authority (IFSCA). This achievement makes EbixCash the first Authorised Dealer Category-II (AD-II) licensed entity to receive such approval at GIFT IFSC.

Regulatory Approval Details

The in-principle PSP authorization enables Buyforex to operate as a regulated payment service provider from GIFT IFSC, subject to fulfillment of final conditions. The approval encompasses four key payment services that will expand the company's operational capabilities:

Strategic Significance

This milestone significantly strengthens the EbixCash Group's regulated payments footprint and aligns with India's strategic vision for GIFT IFSC. The authorization positions the group to deliver secure, compliant, and globally scalable payment solutions to international merchants, financial institutions, and enterprises. The approval leverages GIFT IFSC's globally aligned regulatory framework to enhance cross-border payment capabilities.

Mr. T C Guruprasad, CEO & Managing Director - Payments Business at EbixCash, emphasized the achievement's importance, stating that being the first AD-II group entity to receive this authorization underscores the company's strong regulatory credentials and long-standing focus on compliance-led growth. He highlighted that this approval enables expansion of cross-border payments capabilities while contributing meaningfully to GIFT IFSC's evolution as a world-class financial ecosystem.

Business Impact and Market Position

With this approval, EbixCash World Money through Buyforex is positioned to support global commerce, international remittances, and merchant payment flows through a robust, future-ready payments infrastructure anchored in India. The development reinforces EbixCash's commitment to building regulated, technology-driven financial platforms that meet international standards while serving global markets from India.

The EbixCash Group operates as India's leading end-to-end digital financial services platform, combining an omni-channel digital presence with a nationwide physical distribution network of over 650,000 outlets. The company's operations span payments, international and domestic remittances, foreign exchange, prepaid cards, travel, insurance, and financial technology across 4,000 cities and 75,000 villages in India.

Corporate Structure and Operations

Eraaya Lifespaces Limited serves as the global holding company of Ebix Inc. and its worldwide subsidiaries. Following a strategic transition in 2024, Eraaya evolved from its conventional roots in lifestyle and hospitality into a diversified, technology-led holding platform with operations across 13 countries. The company operates through four core business segments: Technology, Payments, Travel, and Emerging Businesses, serving both enterprise and consumer markets worldwide.

Eraaya lifespaces Limited has temporarily suspended access to its official website after detecting unauthorized and malicious content, the company announced on January 20, 2026. The security incident prompted immediate precautionary measures to protect stakeholders and users from potential risks.

Security Incident Response

The company identified a technical issue involving unauthorized and malicious content on a specific section of its official website. As a safety-first measure, access to the affected portion has been temporarily suspended to prevent any inconvenience or risk to users.

Company Operations and Business Segments

Eraaya Lifespaces Limited operates as a global holding company of Ebix Inc. and its worldwide subsidiaries across 13 countries. Following a strategic transition in 2024, the company evolved from its conventional roots in lifestyle and hospitality into a diversified, technology-led holding platform serving enterprise and consumer markets worldwide.

The company operates through four core business segments:

• Technology: On-demand software, SaaS solutions, and digital exchanges supporting insurance, reinsurance, financial services, healthcare, and risk compliance
• Payments: Technology-enabled payment solutions and financial transaction platforms across diverse geographies
• Travel: End-to-end travel distribution solutions, booking platforms, payments integration, and digital marketplaces serving airlines, travel agencies, corporates, and consumers
• Emerging Businesses: E-learning solutions focused on digital education and training for skill development and professional learning

Stakeholder Communication

The company remains committed to maintaining the highest standards of digital security, transparency, and stakeholder protection. During the website suspension period, stakeholders are advised to rely only on official communications from the company. Further updates will be shared as appropriate once the security validation process is completed.