IFSCA has issued the format and manner of seeking authorisation to commence or carry on a Payment System in an International Financial Services Centre. Every person desirous of commencing or carrying on a Payment System in an IFSC shall submit the application form and additional information/submissions to the Authority. An applicant shall fill up the application form and submit the information sought in English.
Incomplete applications shall not be considered. In case the applicant has already answered a question elsewhere in the schedules, specific reference to that cell/section may be provided to avoid duplication. In case the applicant is of the opinion that an information sought in the schedules does not apply to him, the applicant shall answer to that effect stating the reasons justifying the non-applicability.
