> ## Documentation Index
> Fetch the complete documentation index at: https://www.cashfree.com/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Global Collections FAQs

<Accordion title="What is Global Collections and when should I use it?">
  Global Collections allows your customers to pay for your products in their native currency, and the amount is settled to your account in INR. Cashfree Payments handles the currency conversion and other hassles.
</Accordion>

<Accordion title="What is Foreign Inward Remittance?">
  Foreign inward remittance refers to the transfer of money to India from anywhere outside India. For example, when you receive money in your regional bank account from a business or an individual abroad, it is called foreign inward remittance.
</Accordion>

<Accordion title="For what kind of transactions can I use Global Collections accounts?">
  If you are selling goods or services outside of India and have an invoice value of up to USD 10,000, you can use Global Collection accounts. The payer can be an individual or a business, as long as the payment is for the sale of goods or for the rendering of service(s).
</Accordion>

<Accordion title="What currencies do Global Collections support?">
  | Currency name               |
  | :-------------------------- |
  | United Arab Emirates Dirham |
  | Australian Dollar           |
  | Canadian Dollar             |
  | Swiss Franc                 |
  | Chinese Yuan Renminbi       |
  | European Euro               |
  | Pound Sterling              |
  | Hong Kong Dollar            |
  | Japanese Yen                |
  | Norwegian Krone             |
  | New Zealand Dollar          |
  | Qatari Riyal                |
  | Saudi Arabian Riyal         |
  | Singapore Dollar            |
  | Thai Baht                   |
  | United States Dollar        |
  | South African Rand          |
</Accordion>

<Accordion title="Does Cashfree Payments issue Foreign Inward Remittance Statements (FIRS)?">
  **Yes**, Cashfree Payments’ AD-1 partner will issue eFIRS on T+1\* basis. T is the day on which the beneficiary receives the payment in their bank account in India. The eFIRS will be sent via email to your registered email address.

  <DisclaimerForPGSettlemenetCycle />
</Accordion>

<Accordion title="Is Global Collections FEMA compliant?">
  **Yes**, here is the [OPGSP guideline](https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10037) for your reference.
</Accordion>