What we do WSFX Global Pay Ltd is a digital-first financial services company specializing in forex, cross-border payments, prepaid forex cards, and international remittances. |
Founded in 1,986 |
Market share Leading player in Indian retail forex and remittance services with growing digital market share, focusing on student, leisure, and corporate travel segments. |
Problem solved Simplifies and secures cross-border payments, forex transactions, and remittances with compliant, technology-driven solutions eliminating traditional complexities and delays. |
Top clients or who we serve B2C and B2B clients including students studying abroad, leisure and business travelers, and corporates like Accenture, Siemens, and EY. |
Key management Whole Time Director & CEO Srikrishna Narasimhan |
Our journey and innovations Established 1986, rebranded 2022; launched Global Pay Card as Visa principal member in 2025; pioneer in digital forex ecosystem and multi-currency forex cards. |
Where we operate India with 21 branches; associates in Hong Kong, Singapore, Dubai, London, New York, and Sydney. |
Top products or what we offer Global Pay Card (single and multi-currency), Global Pay App, Smart Corporate and Agent Platforms, FPaaS for education and channel partners. |
Top brands Global Pay Card - India's first zero cross-currency fee forex card; Xplorer Metal Global Card; Smart Switch Card supporting 30 currencies; GlobalPay App with 650+ agents. |
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Raw materials supplier - |
Recurring vs cyclical contribution Revenue mix leans on recurring digital forex card reloads and B2B partnerships with some seasonality in student and leisure travel. |
Our industry position A trusted fintech leader in Indian forex and international payment sector with robust growth in digital offerings and cross-border travel remittance market. |
Financial highlights FY 2024-25 revenue Rs. 86.52 crore (+23.5% YoY); PBT Rs. 6.63 crore (+61% YoY); PAT Rs. 3.47 crore. |
Geographical revenue split Majority revenue from India; services connected with key global forex corridors through international associates. |
Order book - |
Whats driving growth Digital card issuance as Visa principal, expanding D2C and B2B client base, travel market recovery, and technology-enabled seamless payments. |
Our future plans Scale digital platforms, deepen corporate and student segments, expand agent network, and launch innovative forex products. |
Our green promise - |
Our people and values Values trust, transparency, customer-first simplicity, innovation with purpose, compliance, fostering a culture of digital excellence and inclusion. |
Key challenges ahead Competitive pricing pressure, regulatory compliances, geopolitical uncertainties affecting cross-border flows, and technology security risks. |
Interesting facts First Indian forex company to acquire Visa principal membership enabling direct prepaid card issuance and operations. |
Risks and strategy Focus on compliance, digital security, diversified offerings and corridors to mitigate forex volatility and regulatory risks. |
