WSFX Global Pay Limited
BSE: WSFX · Financial Technology (Fintech)
Limited coverage
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Snapshot
Unlock WSFX Global Pay Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
WSFX Global Pay Limited is an Indian financial services company specialising in foreign exchange and outward remittances. Operating as an Authorised Dealer Category II, it provides currency exchange, multi-currency prepaid cards, and international money transfers for individuals and corporate clients.
Business Model
The company generates revenue through transaction fees and spreads on foreign exchange services and international remittances. It leverages a hybrid model combining a physical branch network with its digital WSFX SmartPay platform to facilitate cross-border transactions.
Management Commentary
Management is focused on a digital-first transformation to enhance customer experience and streamline cross-border payment processes. The company emphasises compliance and technological integration to maintain its position in the organised forex market.
Growth Outlook
Growth is driven by the strategic expansion of the WSFX SmartPay digital platform and the increasing demand for international remittances for education and business travel. The company continues to leverage its status as part of the Spice Connect group to scale its fintech offerings.
Key Risks
- Regulatory Risk. As an Authorised Dealer Category II, the company is subject to stringent and evolving regulations from the Reserve Bank of India.
- Market Competition. The company faces intense competition from traditional banks and emerging fintech players offering low-cost digital remittance solutions.
- Foreign Exchange Volatility. Significant fluctuations in currency exchange rates can impact transaction volumes and the profitability of forex operations.
- Cybersecurity Risk. The shift toward a digital-first model increases exposure to cyber threats and data breaches related to cross-border financial transactions.
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Key Metrics
REVENUE
₹108 Cr
TTM · standalone
NET PROFIT
₹6 Cr
TTM · standalone
EPS
₹4.93
TTM · standalone
RETURN ON EQUITY
16.3%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
20.6%
TTM · standalone
P/E
12.5x
Q4 FY26 · standalone
EV/EBITDA
4.9x
Q4 FY26 · standalone
EBITDA MARGIN
13.3%
TTM · standalone
NET PROFIT MARGIN
2.1%
Q4 FY26 · standalone
DEBT TO EQUITY
0.2x
Q4 FY26 · standalone
Peers · Financial Technology (Fintech)
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
WSFX Global Pay LimitedWSFX | ₹80 Cr | 12.82 | 5.14 | 24.8% | 13.3% | 16.3% | 20.6% | +4.4% |
PB Fintech Ltd.POLICYBZR | ₹83,817 Cr | 111.61 | 84.69 | 38.0% | 13.4% | 10.9% | 11.6% | +2.3% |
Pine LabsPINELABS | ₹18,955 Cr | 146.08 | 33.23 | — | 19.0% | 2.2% | 4.2% | — |
Seshaasai Technologies LimitedSTYL | ₹6,506 Cr | 24.24 | 15.42 | — | 27.5% | 18.5% | 24.8% | — |
Turtlemint Fintech Solutions LimitedTURTLEMINT | ₹4,495 Cr | — | — | — | — | — | — | — |
One Mobikwik Systems LimitedMOBIKWIK | ₹1,514 Cr | -118.72 | 36.77 | 2.7% | 3.7% | -2.2% | 2.0% | -12.5% |
As of Q4 FY26
Financials
WSFX Global Pay Limited
BSE: WSFX · Financial Technology (Fintech)
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock WSFX Global Pay Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
WSFX Global Pay Limited is an Indian financial services company specialising in foreign exchange and outward remittances. Operating as an Authorised Dealer Category II, it provides currency exchange, multi-currency prepaid cards, and international money transfers for individuals and corporate clients.
Business Model
The company generates revenue through transaction fees and spreads on foreign exchange services and international remittances. It leverages a hybrid model combining a physical branch network with its digital WSFX SmartPay platform to facilitate cross-border transactions.
Management Commentary
Management is focused on a digital-first transformation to enhance customer experience and streamline cross-border payment processes. The company emphasises compliance and technological integration to maintain its position in the organised forex market.
Growth Outlook
Growth is driven by the strategic expansion of the WSFX SmartPay digital platform and the increasing demand for international remittances for education and business travel. The company continues to leverage its status as part of the Spice Connect group to scale its fintech offerings.
Key Risks
- Regulatory Risk. As an Authorised Dealer Category II, the company is subject to stringent and evolving regulations from the Reserve Bank of India.
- Market Competition. The company faces intense competition from traditional banks and emerging fintech players offering low-cost digital remittance solutions.
- Foreign Exchange Volatility. Significant fluctuations in currency exchange rates can impact transaction volumes and the profitability of forex operations.
- Cybersecurity Risk. The shift toward a digital-first model increases exposure to cyber threats and data breaches related to cross-border financial transactions.
Start your research today
Unlock AI insights, financials, peers and live data on WSFX Global Pay Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹108 Cr
TTM · standalone
NET PROFIT
₹6 Cr
TTM · standalone
EPS
₹4.93
TTM · standalone
RETURN ON EQUITY
16.3%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
20.6%
TTM · standalone
P/E
12.5x
Q4 FY26 · standalone
EV/EBITDA
4.9x
Q4 FY26 · standalone
EBITDA MARGIN
13.3%
TTM · standalone
NET PROFIT MARGIN
2.1%
Q4 FY26 · standalone
DEBT TO EQUITY
0.2x
Q4 FY26 · standalone
Peers · Financial Technology (Fintech)
As of Q4 FY26