Send money to India


Global Payouts


For Global Businesses.

Send money to your sellers, service providers or freelancers in India directly to their local bank accounts.
It’s Simpler, Faster and Cheaper.

Trusted by Global Giants

  • dlocal
  • Aramex
  • plug&paid
marketplace

Marketplaces

logistics

Logistics Platforms

fintech

Fintechs

globalteams

Global Teams

Money Transfer to India

Instant Global Payouts

Here Is how It works

Recharge your Payouts account in your preferred currency. Do payouts directly to your recipients’ bank accounts in India.

Recharge Payouts Account

Recharge Payouts
Account

Adds funds from your bank to your Cashfree Payouts account.

Supported currencies :
USD, EUR, GBP, JPY + all freely convertible currencies.

Upload recipient details

Upload
recipient details

Upload recipient bank details and verify using Validation Suite

Send Payouts Instantly

Send Payouts
Instantly

Do 10,000+ payouts to your recipients in a go directly to their local bank accounts.

Get Started
In No Time

Start without registering your businesses in India. Do instant payouts directly to your recipients’ local bank accounts.

Premium feature

Upgrade Your
Payouts Workflow

Upload recipients details and verify using Validation Suite instantly. Add it to your payouts workflow to verify account details before every payout to reduce errors.

Manage
Payouts

Track status of all payouts in real time. Instant payouts reconciliation.

Redefined
Cross Border Money Transfer

For
Businesses

For
Recipients

Features

Direct bank transfers or wire transfers

Wallet service providers

Global Payouts by Cashfree

Bulk payouts No Yes Yes
Do 10,000 payouts in a go
Recipient payment
details verification
No No Yes Reconciliation Manual Semi-automated Automated Cost High Medium Low Access to funds > 2-3 days > 2-3 days on withdrawal request Immediate* Direct to bank account transfer Operational involvement High
Accept foreign payments, track status and follow-up
Medium
Claim withdrawal
None Foreign Inward Remittance Statement (FIRS) copy issuance On request 48-72 hours Automated & same day Cost High
Fees on funds withdrawal
+
Taxes
Medium
Fees on funds withdrawal
+
Foreign exchange currency conversion charges
Zero

* working days

Meet
Cashfree

Global Payouts

users

Payments company Plug&Paid is using Global Payouts to allow international businesses pay their Indian sellers and partners directly to their local bank accounts in India.

aramex

We are very excited to be partnering with Cashfree to provide an innovative solution which enables instant cross-border payments to Indian e-tailers selling products to the Middle East. With Cashfree, we are able to provide merchants in India with convenient and flexible options allowing them to receive money instantly from online purchases. This FinTech based solution supports the demands of these markets and enables Indian e-tailers to penetrate the MENA region’s markets. It also ensures retail businesses are able to seamlessly process transactions, ultimately improving cash flow management, boosting order acceptance rates, and enabling those businesses to focus on profitable growth

Samer Marei - Regional Director - South East Asia & the Indian Sub at Aramex

aramex RD
plug&paid

Cashfree is delivering massive value to our Indian merchants who are interested in selling globally. Cashfree has made the settlements much faster and easier. Their support is outstanding and we couldn’t be more happy partnering with such a company!

Emy Carlan - CEO

plug&paid ceo

Connect with India and expand
your businesses with Cashfree

Transparent Pricing for
your Business Payouts

1.3% 1% + taxes per wallet recharge (inclusive of foreign exchange and other charges)*

Zero charges on receipt of funds | Zero charges on FIRS issuance

* Valid Till 31st March 2021

In the News

FAQ

Global Payouts by Cashfree is a cross border payments platform that connects businesses across the globe with businesses and individuals operating out of India. Cashfree enables businesses to facilitate payments to their partner sellers, service providers and freelancers by using Cashfree’s payment infrastructure without having to open a place of businesses in India. Global brands like Dlocal, Plug & Paid and Aramex use Global Payouts for their bulk payouts needs.
In India, Cashfree helps small enterprises, entrepreneurs, and service providers get paid in a hassle free manner from their international businesses partners and clients in INR.

To start using Global Payouts you need to have an international business bank account. To talk to our expert, contact here. Our expert will contact you within the next 6 business hours.

To activate your account submit the scanned copies of following documents:

  • Company ownership documents: Certificate of Incorporation and Beneficial Ownership
  • Tax identification documents as applicable in your country of businesses
  • Bank Account details - name of the bank, bank branch address, account holder name , account number and SWIFT code
  • Director / Authorised signatory KYC: Passport and national identity card

In the case of any individual(s) with 10% or more ownership in the company, passport and national identity card of each such individual will be required.

  • Any business entity based outside of India
  • Businesses operating in India where the holding company is outside of India

Before initiating a payout to any recipient in India you need to share following details of the recipient:

  • Bank Account details - Name of the bank, IFSC, account type - Savings/Current, bank account number, and name of the recipient as registered at the bank
  • Permanent Account Number (PAN)
  • Address and email ID
  • Purpose code used to determine the nature of foreign currency transactions for payments received
  • IEC code in case of export of goods
  • No limit on wallet recharge value
  • No limit on number of payouts in a day
  • Maximum USD 10,000 per payout

Please note: As per the RBI regulations on OPGSP, Online Payment Gateway Service Providers can hold the funds on behalf of businesses only for 7 working days from date of deposit . Hence funds deposited in Cashfree Global Payouts wallet need to be utilized within 7 days of recharge after which the funds will automatically get revered to the source bank account.

Purpose Code is a code issued by the Reserve Bank of India (RBI) to classify the nature of foreign currency transactions. Purpose code helps regulators in identifying the exact nature of a cross-border transaction. Before initiating a payout to any recipient, you need to specify this code. Certain payments may be restricted or prohibited as per the policy of RBI. Purpose codes validation happens to avoid illegal transactions. Please refer to your Payouts Global dashboard to understand the permissible purpose code.

To do payouts to your recipient in India, you need to recharge your Cashfree Global Payouts account. You can deposit the funds in 17+ international currencies including USD, GBP, EUR, and other freely convertible currencies.

Foreign Inward Remittance Statement Copy (FIRS) is a document that serves as a proof of a foreign transfer to India. Basis the FIRS details, the beneficiary bank issues a FIRC (Foreign Inward Remittance Certificate) and BRC (Bank Regularisation Certificate) which is required as proof at DGFT (Directorate General of Foreign Trade) and other agencies like Customs department to claim any export related incentives, custom duty exemptions, refunds on service tax or any other financial assistance.