Indian fintech startup Cashfree Payments today said it has partnered with Kanpur-based B2B trade marketplace Global Trade Plaza to provide Indian exporters with an improved cross-border payment experience.
Under the partnership, the ‘Global Collections’ solution by Cashfree Payments will enable Indian exporters to collect payments in over 15 foreign currencies.
Subsequently, the received funds will be efficiently converted into INR and settled into their Indian bank accounts within 48 hours. Further, exporters will also be able to get auto-generated foreign inward remittances advice (e-FIRA).
Additionally, The Cashfree Payments’ Global Collections solution will allow exporters to share their global collection account details with their international clients over email, SMS, or WhatsApp.
On the other hand, The buyers will be able to make payments using local rails like Automated clearing house (ACH), Single Euro Payments Area (SEPA), etc.
On the other hand, The buyers will be able to make payments using local rails like Automated clearing house (ACH), Single Euro Payments Area (SEPA), etc.
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