Escrow banking startup Castler has received an in-principle approval from the International Financial Services Centres Authority (IFSCA) to offer global escrow and cross-border money transfer services. This approval enables Castler to bridge gaps in secure and efficient international financial transactions, supporting global trade.

Leveraging its partner bank ecosystem at GIFT City, Castler plans to launch a global platform to deliver seamless escrow and cross-border payment solutions.

Founder & CEO Vineet Singh highlighted that this regulatory nod fosters trust and reliability in global financial transactions while showcasing India’s potential to drive fintech innovation. He emphasized Castler’s commitment to providing secure, scalable, and efficient escrow services worldwide without requiring overseas operations.