OUTWARD REMITTANCE
Hassle-free and paperless outward remittance
flow of money across borders
in accordance with RBI guidelines.- Completely digital
- 24x7 payment collections
- Control source of fund
- Extremely convenient - pay via your existing bank account
collect payments in INR
via popular Indian payment modes. Collect remitter KYC documents and other details. Integrate Cashfree API with your website or use no-code solution to plug and start collecting payments in no time.LRS-compliant payment solution
for seamless international payments
Investment and Stock Trading
Indian trading businesses can now facilitate the purchase of assets listed on foreign exchanges (e.g NASDAQ) like publicly listed shares, exchange-traded funds i.e., ETFs and units of mutual funds, securities by Indian investors via local payment methods.
Study Abroad
Education consultants and remittance service platforms in India can use Cashfree Payments to help students who study abroad to pay their university admission payments and tuition fee with fully digitalised process.
Foreign universities and authorized collection agencies also use Cashfree Payments to collect payment from Indian students through local payment modes such as Net Banking and UPI.
Investment and Stock Trading
Indian trading businesses can now facilitate the purchase of assets listed on foreign exchanges (e.g NASDAQ) like publicly listed shares, exchange-traded funds i.e., ETFs and units of mutual funds, securities by Indian investors via local payment methods.
Study Abroad
Study Abroad
Education consultants and remittance service platforms in India can use Cashfree Payments to help students who study abroad to pay their university admission payments and tuition fee with fully digitalised process.
Foreign universities and authorized collection agencies also use Cashfree Payments to collect payment from Indian students through local payment modes such as Net Banking and UPI.
Benefits of using
Outward Remittance solution
over the traditional LRS flow
| Capability | Cashfree Payments | Traditional LRS approach |
|---|---|---|
| Modes of payments | Net-banking via 38+ banks & UPI Payments (Industry-first) | Wire Transfer |
| Remittances | Individual and consolidated remittances | Only individual remittance |
| Remit from your own bank account |  User is required to have a current account from the remitter’s bank | |
| Completely paperless | | |
| Same day remittance* | | |
| Native integration for your website or app | | |
| TCS calculation | Real-time calculation before remittance | Manual calculation to be done before remittance |
| FX-rate calculation | Smart FX-rate calculation to fulfil complete payment after currency conversion | Manual calculation of FX rates |
| Real-time status of remittances | |
*All payments made before 1PM IST will be settled to the beneficiary account on the same day
Outward Remittance solution
Brokerage firms facilitating international equity investments
International stock brokers and agencies
Education consultants based in India for study abroad programmes
Foreign universities/ Authorized collection agents
Remittance service for individuals for travel, study and family payments
International Online Travel Agencies
International Hotels and Destination management companies
International Airlines
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