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Finance Minister Nirmala Sitharaman has launched the Foreign Currency Settlement System (FCSS) at GIFT City, a landmark move set to transform foreign currency transactions within India’s International Financial Services Centre (IFSC). The FCSS will enable real-time or near real-time settlement of foreign currency trades, replacing the previous system that involved a 36 to 48-hour lag through multiple banking intermediaries. With this development, GIFT-IFSC joins leading global financial hubs suc
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When international supplier payments fail, everything in your business slows down. Your goods remain stuck at the border. Your customers keep waiting. Your cash flow takes the hit. The truth is simple: Most Nigerian businesses face these issues because traditional banks rely on slow approvals, outdated processes, and risky payment routes that often bounce back. Glo Currency gives you a smarter way to pay your suppliers. We process your international payments through verified, compliant, and secu
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Finance Minister Nirmala Sitharaman Launches Foreign Currency Settlement System In GIFT IFSC, Facilitating Seamless Transactions
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