WSFX Global Pay Limited, a prominent player in the financial services sector, has announced a significant change in its senior management. Kuldeep Pawar, the company's Chief Marketing Officer (CMO), has tendered his resignation to pursue personal aspirations and explore new opportunities.

Resignation Details

Transition Plan

Pawar has committed to ensuring a smooth transition by completing the handover of all ongoing responsibilities. This approach aims to maintain business continuity at WSFX Global Pay Limited during this leadership change.

Company Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, WSFX Global Pay Limited has formally notified the BSE Limited of this change in senior management. The company made this disclosure to maintain transparency with its stakeholders.

Impact and Next Steps

While the departure of a senior executive can often signal changes within an organization, WSFX Global Pay Limited has not provided any immediate information regarding a successor for the CMO position. The company's ability to manage this transition effectively will be crucial in maintaining its marketing strategies and overall business momentum.

As the financial services landscape continues to evolve, the appointment of a new CMO may be a key focus for WSFX Global Pay in the coming weeks. Stakeholders and industry observers will be keen to see how this change in leadership might influence the company's marketing direction and overall strategy in the competitive financial services market.

WSFX Global Pay , a leading RBI-licensed AD II company specializing in foreign exchange and cross-border payments, has announced impressive financial results for the second quarter of fiscal year 2025-26. The company's performance showcases significant growth across key financial metrics, underlining its strong market position and operational efficiency.

Financial Highlights

WSFx Global Pay has demonstrated remarkable quarter-on-quarter growth, with revenue from operations nearly doubling to ₹34.96 crore in Q2 FY26 from ₹18.44 crore in Q1 FY26. This 90% increase signals a strong acceleration in business momentum.

The company's profitability saw an exceptional surge, with Profit Before Tax jumping to ₹4.86 crore from ₹0.16 crore in the previous quarter, marking an impressive 30-fold increase. Similarly, Profit After Tax climbed sharply to ₹3.67 crore from ₹0.16 crore, showcasing a remarkable 23-fold growth.

Operational Performance

WSFx Global Pay's operational metrics continue to show robust growth:

• The card business has grown at an 86.7% 5-year CAGR
• Remittance services have expanded at a 40.6% 5-year CAGR
• Digital contribution has reached 59% of total transactions

The company's asset-light model and digital-first approach have enabled cost efficiency and long-term value creation, as reflected in the improved EBITDA margin of 18%.

Strategic Initiatives and Product Launches

During the quarter, WSFx Global Pay launched several innovative products at the Global Fintech Fest 2025:

1. Xplorer Metal Global Card
2. GlobalPay Smart Switch Card
3. Multi-Currency Card
4. Zaggle co-branded card
5. DreamFolks Pay-Per-Use Transit Exclusive Features
6. Card tokenisation on Samsung and Google Wallets

These launches underscore the company's commitment to innovation and expanding its product portfolio to meet evolving customer needs.

Management Commentary

Mr. Srikrishna Narasimhan, CEO of WSFx Global Pay Ltd., commented on the results: "This quarter reflects strong operational and financial performance, driven by improved segmental traction, disciplined cost management, and continued digital expansion. Student volumes rebounded, supported by growth in the UK, Germany, and other European markets, despite a slowdown in the US and Canada."

He further added, "Our strategic partnerships and integrations with leading players such as DreamFolks, Zaggle, Samsung, and Google further reflect our intent to build a comprehensive and synergistic ecosystem for global payments."

Future Outlook

WSFx Global Pay is focusing on deepening digital adoption, expanding its partner network, and building innovative forex and payment-tech solutions. The company aims to deliver long-term value to its customers and shareholders by leveraging its omni-channel network, strong corporate governance, and compliance measures.

With its asset-light, scalable, and efficient business model, WSFx Global Pay is well-positioned to capitalize on the growing demand for foreign exchange and cross-border payment solutions in India's evolving fintech landscape.

As the company continues to innovate and expand its digital offerings, investors and market watchers will be keen to observe how these strategic initiatives translate into sustained growth and market leadership in the coming quarters.