Press Release on Launch of GlobalPay Connect.
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WSFX Global Pay Limited has launched GlobalPay Connect, a new Forex Card Distribution Platform that allows RBI-licensed institutions (AD-II Forex Dealers, Full-Fledged Money Changers, and Banks) to become Authorized GlobalPay Forex Card Distributors. The platform supports multi-currency forex cards in 30 currencies, accepted in 180+ countries, with Tap & Pay functionality and reload through the GlobalPay App. The company is shifting from being just a forex card issuer to building a wider nationwide distribution ecosystem through partner-led growth. Partners will get onboarding support, relationship management, marketing assistance, and access to GlobalPay's technology and compliance infrastructure. With 40+ years of forex expertise, an RBI AD-II licence, 25+ branches, 850+ corporate relationships, and 650+ agents, GlobalPay aims to scale forex card distribution across India.
This is a strategic growth move that could expand the company's reach and revenue base by tapping into India's growing outbound travel, education, and remittance markets. For shareholders, it signals a shift from a direct-issuer model to a scalable partner-driven distribution model, which could support long-term growth if execution is strong.