IFSC sector
FinTech & TechFin
IFSCA runs one of the world's more open fintech regimes: an authorisation framework, a regulatory sandbox for supervised live testing, an inter-operable sandbox with domestic Indian regulators, and a FinTech Incentive Scheme offering grants across the product lifecycle.
A live regulatory sandbox and grant scheme
Highlights
What stands out
- 120 TechFin and ancillary service providers (March 2026)
- Regulatory sandbox with time-bound relaxations for live testing
- FinTech Incentive Scheme: proof-of-concept, sandbox, green fintech, accelerator and listing support grants
- Global participation through initiatives such as the GFIN TechSprint on greenwashing
Permitted activities
What entities actually do here
- Payment system operators and cross-border payment products
- Wealthtech, insurtech, regtech and suptech solutions
- Digital lending and account aggregation models
- AI and data-driven financial services - covered in IFSCA's AI in IFSC survey report
Regulation
How it is governed
IFSCA (FinTech Incentive) Scheme, the Framework for FinTech Entity in the IFSC, and the IFSCA (Payment Services) Regulations, 2024.
Compiled from official material published by IFSCA, GIFT City, GIFT Gujarat. Figures carry the period stated by the publishing authority. Always verify current requirements before acting.