{"id":17392,"date":"2023-05-30T01:50:00","date_gmt":"2023-05-29T20:20:00","guid":{"rendered":"https:\/\/blogrevamp.cashfree.com\/?p=17392"},"modified":"2025-08-22T12:06:56","modified_gmt":"2025-08-22T06:36:56","slug":"global-collections-simplified-cross-border-payments-for-indian-exporters","status":"publish","type":"post","link":"https:\/\/blogrevamp.cashfree.com\/global-collections-simplified-cross-border-payments-for-indian-exporters\/","title":{"rendered":"Global Collections: Simplified Cross-Border Payments for Indian Exporters"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a8f1bc56136d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #364250;color:#364250\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #364250;color:#364250\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a8f1bc56136d\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blogrevamp.cashfree.com\/global-collections-simplified-cross-border-payments-for-indian-exporters\/#Simplifying_Cross-Border_Payments_Need_of_the_Hour\" >Simplifying Cross-Border Payments: Need of the Hour<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blogrevamp.cashfree.com\/global-collections-simplified-cross-border-payments-for-indian-exporters\/#Challenges_of_Cross-Border_Payments_for_Indian_Exporters\" >Challenges of Cross-Border Payments for Indian Exporters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blogrevamp.cashfree.com\/global-collections-simplified-cross-border-payments-for-indian-exporters\/#What_is_Global_Collections_Features_Benefits\" >What is Global Collections? Features &amp; Benefits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blogrevamp.cashfree.com\/global-collections-simplified-cross-border-payments-for-indian-exporters\/#Wrapping_It_Up\" >Wrapping It Up<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\"><strong>Global Collections<\/strong> &#8211; the latest solution by<strong> Cashfree Payments<\/strong>, in collaboration with<strong> YES BANK, <\/strong>is all set to <strong>simplify cross-border payments for Indian exporters.<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">Indian exporters and merchants who sell abroad, or want to sell abroad, can now easily collect international payments. Our latest offering <strong>\u2018Global Collections\u2019<\/strong> challenges the existing traditional payment infrastructure in a bid to revolutionise cross-border payments for Indian exporters.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, we had a <strong>launch session<\/strong> for the same in a webinar where we discussed the pain points that exporters face and how our solution may help.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Our panel of experts on the webinar were <a href=\"https:\/\/www.linkedin.com\/in\/ACoAAAKkh-MB0OdpFmPjp-P9btZIfCk1jw4CA84\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Reeju Datta<\/a> (Co-Founder, Cashfree Payments),  <a href=\"https:\/\/www.linkedin.com\/in\/ACoAABYnJswBy9o4YW_yBVV69yAbDpUCgioz8og\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Malay Vaishnav<\/a> (Associate Director, Cross Border Solutions, Cashfree Payments), <a href=\"https:\/\/www.linkedin.com\/in\/ACoAAAVTKUABD96z75OV8JbXOvil_Cuh-sOSfRY\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Ajay Rajan<\/a> (Country Head, Transaction Banking &amp; Digital Transformation, YES BANK) &amp; <a href=\"https:\/\/www.linkedin.com\/in\/ACoAAABZfBcB_WPoLQyaC59j_RgZjupfPM8jNkA\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Vivek Venugopalan<\/a> (National Head, Cash Management Product &amp; Digital Transaction Banking, YES BANK). On the eve of the product launch, the panelists discussed the benefits that exporters can enjoy from our <strong>one-of-a-kind partnership<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This blog brings you a brief synopsis of the <strong>webinar <\/strong>on <strong>Simplifying Cross-Border Payments for Indian Exporters <\/strong>that highlights the<strong> key features<\/strong> of our new offering &#8211; <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">\u2018<a href=\"https:\/\/www.cashfree.com\/international-payments\/international-wire-transfer\/?utm_source=blog&amp;utm_medium=organic\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Global Collections<\/strong><\/a>\u2019<\/mark>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe class=\"youtube-player\" width=\"770\" height=\"434\" src=\"https:\/\/www.youtube.com\/embed\/OJGHmaBnX4E?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-simplifying-cross-border-payments-need-of-the-hour\"><span class=\"ez-toc-section\" id=\"Simplifying_Cross-Border_Payments_Need_of_the_Hour\"><\/span>Simplifying Cross-Border Payments: Need of the Hour<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">India is gradually growing as a manufacturing and services hub, particularly in the Micro, Small &amp; Medium Enterprises (MSME) sector. It is one of the fewer markets in which exports are growing even in times of global economic slowdown.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ajay Rajan<\/strong><sup><a href=\"https:\/\/www.linkedin.com\/in\/ajay-rajan-194b0325\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">1<\/a><\/sup> from <strong>YES BANK<\/strong> shared some statistics &#8211; this year, <strong>exports (merchandise)<\/strong> have <strong>13% year-on-year growth<\/strong> while <strong>service exports<\/strong> have <strong>27% growth<\/strong>. Talking in numbers, it is around <strong>$770 billion<\/strong> and <strong>330 billion<\/strong> respectively. <strong>MSMEs<\/strong> contribute largely to our global exports.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the other hand, the <a href=\"https:\/\/www.cashfree.com\/blog\/payouts-for-gig-economy\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>gig economy<\/strong><\/a><strong> is on the rise<\/strong> which is centered around digital apps. It will give phenomenal growth to exports as well. India has around 8 million gig workers which may shoot up to <strong>23 million by 2030<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ajay <\/strong>said, <em>\u201cThe reason I have shared these numbers is that our product &#8211; \u2018Global Collections\u2019 is going to greatly benefit these two sectors.\u201d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, <strong>merchandise<\/strong>,<strong> export services<\/strong>, as well as the <strong>gig economy<\/strong> are the various cohorts of exporters.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Therefore, it is a pressing need at the moment to simplify cross-border payments for Indian exporters and make it easier for exporters to promote international trade.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The government is keen on promoting exports and earning more forex (foreign exchange). It reflects in the policies as exporters have tax and GST exemptions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The regulator, that is, the RBI has been making proactive guidelines for promoting and simplifying cross-border payments. Simultaneously, fintechs like <a href=\"https:\/\/www.cashfree.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Cashfree Payments<\/strong><\/a> are taking the initiative to provide solutions along the same lines.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But, the question comes up what are the challenges of cross-border payments that we need to simplify and how? Let\u2019s dive into it!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-challenges-of-cross-border-payments-for-indian-exporters\"><span class=\"ez-toc-section\" id=\"Challenges_of_Cross-Border_Payments_for_Indian_Exporters\"><\/span><strong>Challenges of Cross-Border Payments for Indian Exporters<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Highlighting the challenges <strong>Reeju Datta<\/strong><sup><a href=\"https:\/\/www.linkedin.com\/in\/reejudatta\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">2<\/a><\/sup> said,<em>\u201cWith any kind of cross-border payments, the challenges lie around the cost of payments, the speed and transparency of transfer and the compliances as well as documentation associated with it.\u201d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s understand in detail:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Higher Cost on Cross-Border Payments:<\/strong> Traditional ecosystem results in a lot of cost for both payers and exporters. Whether banks or popular third-party payment providers process cross-border payments, charges are considerably higher<\/li>\n\n\n\n<li><strong>Limited Coverage of Currencies &amp; Countries:<\/strong> Usually, there is a limitation on what currencies exporters can accept and the countries they can receive payments from. This often depends on the individual\u2019s bank\u2019s capacity<\/li>\n\n\n\n<li><strong>OPGSP Compliance and FIRA Limitations:<\/strong> Online Payment Gateway Service Providers (OPGSP) must comply with the guidelines that the RBI lays down. Other than that, <strong><a href=\"https:\/\/www.cashfree.com\/blog\/firc\/\" target=\"_blank\" rel=\"noreferrer noopener\">FIRS\/FIRC &#8211; Foreign Inward Remittance Statement\/Certificate<\/a>*<\/strong> for received payments is mandatory. For example, the export of goods &amp; services should not exceed the value of $10,000 per transaction. This is the limit that the <strong>Foreign Trade Policy<\/strong> permits. Now obtaining this statement may take around <strong>10+ days<\/strong>. However, many banks especially the smaller ones make customers run from pillar to post while several solution providers take a lot of time to issue them.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>*FIRC <\/em><\/strong><em>is a <\/em><strong><em>document proof <\/em><\/strong><em>for <\/em><strong><em>any foreign transfer<\/em><\/strong><em> to India, in case of <\/em><strong><em>export of goods<\/em><\/strong><em>. For the export of services, there will be no tax levied if a FIRC is available with the business. FIRC is also important to avail export-related schemes such as EPCG (Export promotion capital goods) and others.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Malay Vaishnav<\/strong><sup><a href=\"https:\/\/www.linkedin.com\/in\/malay-vaishnav-810577a4\/\" target=\"_blank\" rel=\"noreferrer noopener\">3<\/a><\/sup> added, <em>\u201cI call them the \u2018<\/em><strong><em>3Cs<\/em><\/strong><em>\u2019 &#8211; the three challenges of <\/em><strong><em>cost<\/em><\/strong><em>, <\/em><strong><em>coverage <\/em><\/strong><em>and <\/em><strong><em>compliance.\u201d<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-global-collections-features-benefits\"><span class=\"ez-toc-section\" id=\"What_is_Global_Collections_Features_Benefits\"><\/span>What is Global Collections? Features &amp; Benefits<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cashfree.com\/international-payments\/international-wire-transfer\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Global Collections<\/strong><\/a> is a cross-border inward remittance solution by Cashfree Payments. It is a technology payments platform that is built for exporters who want to receive international payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This solution is recommended for exporters who are dealing in <strong>goods or services having invoice values of up to $10,000<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Businesses that can use our solution are:<br>a) Exporters of goods and services<br>b) Neo-banks and fintech companies<br>c) Freelance platforms<br>d) E-commerce marketplaces<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When we talk about cross-border payments, there are a few crucial aspects to consider:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cost of Payments<\/li>\n\n\n\n<li>Speed of transfer<\/li>\n\n\n\n<li>Transparency<\/li>\n\n\n\n<li>Compliance<\/li>\n\n\n\n<li>Documentation<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018<strong>Global Collections<\/strong>\u2019 is a product co-created by <a href=\"https:\/\/www.cashfree.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cashfree Payments<\/a> and YES BANK that hits the nail on the head as far as the above-mentioned pointers are concerned.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is aimed at <strong>reducing costs<\/strong> and passing the bulk foreign exchange discount to the exporters. While we want to make the <strong>global reach more accessible for exporters<\/strong> where they can <strong>accept payments in multiple currencies<\/strong>. We also want to ensure <strong>speedy transfer<\/strong> and payment settlement keeping the TAT (turn-around time) to a maximum of 2 days.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time, <strong>easy documentation with transparency<\/strong> and all processes being <strong>compliant <\/strong>with RBI norms are inevitable factors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-features-of-global-collections\">Features of Global Collections<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018<a href=\"https:\/\/www.cashfree.com\/international-payments\/international-wire-transfer\/\" target=\"_blank\" rel=\"noreferrer noopener\">Global Collections<\/a>\u2019 provides international wire transfers at a low cost. It simplifies inward remittance cross-border payments, which lets the exporters focus on business expansion in the foreign landscape than worrying about international payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are a few things to know:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cashfree Payments offers<strong> hassle-free onboarding<\/strong> with the requirement of few details, for example, the GST company plan<\/li>\n\n\n\n<li>For YBL (YES BANK Limited) customers, it requires <strong>minimum KYC<\/strong> for onboarding<\/li>\n\n\n\n<li>We have <strong>complete API-based processing<\/strong> and <strong>quick support<\/strong> for our customers<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Our inward remittance solution for exporters places control in their hands who earlier needed more transparency and confidence in the underlying transactions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-benefits-why-exporters-should-use-global-collections-by-cashfree-payments\">Benefits: Why exporters should use <a href=\"https:\/\/www.cashfree.com\/international-payments\/international-wire-transfer\/\" target=\"_blank\" rel=\"noreferrer noopener\">Global Collections<\/a> by Cashfree Payments?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Well, here is a list of benefits that explains how our solution can simplify cross-border payments for you:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">1. <strong>Competitive Rates<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The flexible pricing structure of our cross-border solution can cut down on heavy <strong>COSTS<\/strong>. Save <strong>more than 50% on international wire transfers<\/strong> as we offer competitive rates compared to traditional banking and popular third party platforms.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">2. <strong>Receive Payments in All Currencies<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">With Global collections, you get a higher <strong>COVERAGE<\/strong>. You can receive payments in 30+ currencies from 100+ currencies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When you receive payments in USD, CAD, GBP, EUR, etc., you receive them in your local receiving accounts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By local receiving accounts, we mean just like there is NEFT in India, there is ACH in the US or EFT in Canada. Likewise, SEPA in European Union and Faster Payments\/FPS in the UK.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">3. <strong>Sell Globally, Get Paid Locally<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Traditionally exporters in India have been receiving payments via SWIFT. With Global Collections solution, the exporters can get <strong>5 dedicated local accounts<\/strong> &#8211; in <strong>4 currencies<\/strong> namely USD, GBP, EUR and CAD and also a <strong>Global SWIFT Account<\/strong> to accept payments in <strong>30+ currencies<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thus, an exporter can get paid via the payer\u2019s local rails instead of SWIFT.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">4. <strong>International Payments\u2019 Settlement in INR<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Business merchants and exporters can get their international receivables in Indian Rupee. It will be through automatic conversion irrespective of the currency in which payment the customer makes the payment.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">5. <strong>Simplified e-FIRS Issuance<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Cashfree Payments simplifies the entire process of getting <strong>FIRS (Foreign Inward Remittance Statement)<\/strong> for all international receivables. This makes documentation easier for exporters and merchants to avail of tax exemptions. Our AD-1 (authorised dealer-1) partner will issue <strong>eFIRS on a T+1 basis<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018T\u2019 is the day on which the beneficiary receives the payment in his\/her bank account in India. The e-FIRS will be sent via email to your registered email address. Thus, we keep you sorted in terms of <strong>COMPLIANCE<\/strong>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">6. <strong>Transaction Notifications &amp; Easy Reckoning&nbsp;<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The Cashfree dashboard gives you an easy reckon based on time, currency type and remitter name. You also get real-time notifications for your incoming payments. You can check on delays and view your receipts getting an insight on revenue flow and working capital. This helps to make business plans for expanding your footprints in global markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, get access to instant credit, traceability of payments on the dashboard and instant email\/SMS\/Whatsapp alerts with our solution.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Vivek Venugopalan<\/strong><sup><a href=\"https:\/\/www.linkedin.com\/in\/vivek-venugopalan-95bb691\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">4<\/a><\/sup> concluded, <em>\u201cwe have put up a gamut of things &#8211; a set of enablers together and the greatest benefit it brings to the table is that exporters can focus on their core competencies than worry about the receipt of money.\u201d<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-wrapping-it-up\"><span class=\"ez-toc-section\" id=\"Wrapping_It_Up\"><\/span>Wrapping It Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The webinar-cum-launch session of Global Collections was centred around how it simplifies cross-border payments for Indian exporters. It empowers them to have real-time access and control over their payments and collections journey.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The panellists talked about the various attributes of <a href=\"https:\/\/www.cashfree.com\/international-payments\/international-wire-transfer\/\" target=\"_blank\" rel=\"noreferrer noopener\">our inward remittance solution<\/a> that can overcome the challenges of payment collection that exporters encounter. It can help streamline international payment collection.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Exporters can enjoy the advantages of direct account credit in multiple currencies, instant transaction status, real-time processing, on-demand e-FIRC, support of all major local rails, and many more.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cashfree.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cashfree Payments<\/a> is committed to fuelling India\u2019s export growth story by providing affordable and top-of-the-line international payment infrastructure. While we take care of the payment collections for exporters, they can focus on their business and its expansion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cashfree.com\/contact-sales\/?source-action=international%20wire%20transfer&amp;action=Contact%20Sales&amp;button-id=ContactSales_Hero\" target=\"_blank\" rel=\"noreferrer noopener\">Try International Payment Gateway Now &#8211; Contact Us!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Collections simplifies cross-border payments for Indian exporters who can now easily collect international payments from across the globe.<\/p>\n","protected":false},"author":62,"featured_media":17447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[9490],"tags":[5998,1381,1397],"class_list":["post-17392","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cross-border-commerce-payments","tag-cross-border-payments","tag-payment-solution","tag-payments"],"acf":[],"yoast_head":"<!-- This site is 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