WSFX Global Pay Limited, a BSE-listed company and Reserve Bank of India Authorized Dealer Category II, is set to make waves at the Global Fintech Fest (GFF) 2025 with a series of groundbreaking product launches. The company, which has been a trusted name in foreign exchange and cross-border payments for over three decades, is poised to redefine the landscape of global financial services.

New Product Lineup

GlobalPay, the operating brand of WSFX Global Pay Limited, will introduce several innovative products at GFF 2025:

1. Co-Branded Corporate Card: In partnership with a leading corporate expense management player, GlobalPay will launch a card that integrates corporate spend solutions with seamless forex capabilities. This offering aims to streamline international payments for businesses and employees, ensuring efficiency, security, and regulatory compliance.

2. Xplorer - Premium Metal Card: Targeting frequent travelers, GlobalPay will unveil India's first pay-per-use metal prepaid global card. This invite-only program caters to CXOs, corporates, influencers, and lifestyle leisure travelers, offering integrated transit features and a holistic travel experience.

3. Single-Currency Card with Multi-Currency Switching: A novel solution allowing travelers to load one base currency and switch across multiple currencies seamlessly. This card aims to eliminate the complexities and costs associated with multiple currency conversions.

4. Tokenization of Mobile Wallets: GlobalPay will announce its roadmap for tokenizing mobile wallets, enabling secure, contactless, and future-ready payments for international transactions.

5. Global Transit App: India's first comprehensive solution for global travelers, combining forex card management, outward remittance, and transit services. The app will offer features such as airport transfers, baggage assistance, lounge access, travel insurance, and Global eSIM services.

Strategic Vision

Dilip Modi, Founder of GlobalPay, emphasized the company's vision: "The new GlobalPay is about delivering complete solutions for cross-border payments and travel, combining zero-fee forex, pay-per-use privileges, tokenisation, and integrated transit services into one seamless ecosystem. Our vision is to make managing money across borders simple, safe, and universally accessible."

Focus on Prepaid and Pay-Per-Use Models

Srikrishna Narasimhan, Whole-Time Director & CEO of GlobalPay, highlighted the shift towards prepaid instruments: "Prepaid is stepping forward as the most transparent and practical instrument for the future. Unlike tiered or points-based ecosystems that restrict access, we don't believe in superficial layers of benefits. We give every customer the best of services on a pay-per-use basis, open access without linking it to historical spending."

Regulatory Compliance and Innovation

As a BSE-listed entity and RBI Authorized Dealer Category II, WSFX Global Pay Limited emphasizes its commitment to regulatory compliance while pushing the boundaries of innovation in the fintech space.

The announcements at GFF 2025 mark a significant step for WSFX Global Pay Limited as it aims to reshape how Indians travel, transact, and build financial confidence in the global arena. With its blend of regulatory strength and cutting-edge technology, the company is positioning itself at the forefront of the evolving cross-border payments and travel finance sector.

WSFX Global Pay , a leading player in the forex and outward remittances sector, has released its financial results for the first quarter of the fiscal year 2025-26, showcasing resilience in the face of seasonal headwinds and global challenges.

Financial Highlights

• Gross Turnover: INR 1,094.00 crores
• Revenue from Operations: INR 18.44 crores
• Profit Before Tax (PBT): INR 0.16 crores

Quarterly Performance Analysis

The company experienced seasonal softness in Q1, particularly affecting its leisure and student segments. This downturn was attributed to several factors:

1. Geopolitical Tensions: Ongoing conflicts, including Indo-Pak and Iran-Israel tensions, led to flight cancellations and deferred travel plans, especially impacting leisure and business travel across the Middle East and parts of Europe.

2. Visa Restrictions: Tightened U.S. visa approvals and delays in Canada and UK markets significantly impacted student travel flows, affecting forex card issuance and remittance volumes.

3. Corporate Segment Growth: Despite challenges, the corporate segment showed positive momentum, supported by increased activity and deeper digital adoption across clients.

4. Global Pay Card Business: This segment continued to grow, bolstered by strong reload volumes.

Strategic Developments

WSFx Global Pay Limited launched its Multi-Currency Card in July 2025, expanding its product portfolio and enhancing customer utility across various segments. The company serves over 100,000 customers through 21 branches, supported by 350+ forex experts.

Segment-wise Performance

Product Performance

• Outward Remittance GTO: Q1 CAGR of 48.44% (Base year: FY20-21)
• Forex Card GTO: Q1 CAGR of 94.45% (Base year: FY20-21)

Management Changes

In a separate announcement, WSFx Global Pay Limited informed that Mr. Ilamparithi J, the company's Chief Product Officer, has resigned to pursue opportunities outside the organization. His last working day will be July 31, 2025.

Future Outlook

Despite the challenges faced in Q1, WSFx Global Pay Limited remains optimistic about the upcoming quarters. The company anticipates improved performance driven by the forthcoming student intake season, festive travel, and stabilizing visa issuance processes.

WSFx Global Pay continues to focus on its digital-first approach, expanding its D2C customer base, and strengthening its distribution network. The company is committed to building innovative forex and payment-tech products to create value for all stakeholders in an asset-light, scalable, and efficient manner.