Airwallex vs Remitly (2026): Which Is Better for Receiving International Payments in India?
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Short answer
Neither Airwallex nor Remitly publishes enough pricing to estimate the cost of a USD 5,000 receipt, so there is no cost verdict. The better choice depends on how your client pays: Airwallex is best for registered businesses paid by bank transfer, and Remitly is best for uS or Canadian business clients already using Remitly.12345
| Use case | Better option | Why |
|---|---|---|
| Bank transfer of USD 5,000 | Cannot compare | Neither publishes full pricing for this case. |
| Bank transfer of USD 2,000 | Cannot compare | Neither publishes full pricing for this case. |
| Client paying USD 2,000 by card or link | Cannot compare | Neither publishes full pricing for this case. |
| Airwallex is best for | Airwallex | Registered businesses paid by bank transfer.12 |
| Remitly is best for | Remitly | US or Canadian business clients already using Remitly.345 |
1,000 USD = ₹94,243 at the reference rate for 13 November 2026 (European Central Bank data).
Estimated rupees received, on published fees
Sorted by estimated rupees received, highest first. Only providers that publish both their fee and their conversion markup for this currency and method can be estimated.
| # | Provider and route | Best for | Fee (+GST) | Markup | You receive | Cost |
|---|---|---|---|---|---|---|
| 1 | Karbon BusinessLowest estimated costBank transfer to a Karbon virtual USD account | US bank transfers and marketplace payouts | ₹942plus GST, rate not stated | 0% | ₹93,131 to ₹93,301 | 1.00 to 1.18% |
| 2 | RazorpayMoneySaver Export Account: bank transfer to virtual account details (Standard plan) | Local transfers from the US, UK and eurozone | ₹1,000plus GST, rate not stated | 0% | ₹93,063 to ₹93,243 | 1.06 to 1.25% |
| 3 | WinvestaGlobal Collections Account, standard plan (up to 2,000 a month per currency) | Local transfers with a published per-payment fee | ₹1,435 | 0% | ₹92,809 | 1.52% |
| 4 | SkydoPayment link (InstaLinks) paid by ACH debit | Local bank transfers from major markets | ₹1,885plus GST, rate not stated | 0% | ₹92,019 to ₹92,358 | 2.00 to 2.36% |
| 5 | PayoneerLocal bank transfer to Payoneer receiving account details | Marketplace payouts such as Amazon or Upwork | ₹0no GST stated | 1 to 4% | ₹90,473 to ₹93,301 | 1.00 to 4.00% |
| 6 | PayPalInternational commercial transaction received into a PayPal account (PayPal checkout or invoice) | Clients paying by card or PayPal balance | ₹4,175no GST stated | 3 to 4% | ₹86,465 to ₹87,366 | 7.30 to 8.25% |
Not estimated because pricing is not fully published: Cashfree Payments, Dodo Payments, PingPong, Stripe, Tazapay, TransFi, Wise.
Where a provider says GST applies to its fee but not at what rate, the range runs from no GST to 18%, the rate Skydo, Stripe and Winvesta state on their pages. Estimates use each provider's published fee, conversion markup, GST on fees and FIRA charge, checked 2026-10-28, against the reference rate. They exclude charges taken by intermediary banks and your own bank, and the rate a provider actually applies at the time of conversion. Check the provider's pricing page before you choose. The order is calculated only from these published numbers; no provider can pay to change its position, and there are no affiliate links.
How do Airwallex and Remitly compare at a glance?
Airwallex and Remitly compare on the twelve points below, using each provider's published information as checked on 28 October 2026. Where a provider does not publish something, the table says so.678
| Airwallex | Remitly | |
|---|---|---|
| Best for | Registered businesses paid by bank transfer12 | US or Canadian business clients already using Remitly345 |
| Fees | Singapore fee schedule: 0% for collections in most currencies; 0.60% for KRW, VND, BRL and MYR collections. A fee for incoming SWIFT payments is not listed.6 | Remitly says there are no fees for the receiver in India. The sender pays the transfer fee: on its USD to INR page, $3.99 below $1,000 and $0 at $1,000 or more for personal transfers, with no fee on a new customer's first transfer.78 |
| FX markup | Singapore fee schedule: 0.40% mark-up for major currencies (AUD, USD, HKD, CNY, JPY, EUR, GBP, CAD, CHF, NZD, SGD); 0.60% for a list that includes INR; a 1.00% Auto Conversion Fee is listed without a definition. How the margin applies to a USD to INR conversion is not published.69 | Remitly says it may earn from the difference between the rate at which it buys currency and the rate given to the sender. The rate is shown before the sender confirms; no markup percentage is published.108 |
| Settlement | Airwallex's docs give 0 to 2 business days for local INR payouts to India and 0 to 3 business days for SWIFT payouts to India.11 | Remitly says business transfers to India are typically delivered within the hour, and that a delivery time is shown before the sender confirms.4 |
| FIRA | Airwallex says an FIRC is issued by an authorised bank in India; you request it from Airwallex support through the chatbot in the web app, and Airwallex coordinates with its banking partner. Airwallex says there may be a fee, set by the banking partner. The amount is not published.12 | Not published. Remitly's pages do not mention a FIRA or FIRC for the Indian recipient. |
| Currencies | Airwallex says Global Accounts collect in 20+ currencies. The list available to an India-registered business is not published.92 | Senders pay in the currency of the send country; Remitly Business sends from the US. Recipients in India receive INR.348 |
| KYC: who can sign up | India-registered companies and LLPs, proprietorships and partnerships, and MSMEs, per Airwallex's India document list. Proprietorships and partnerships need a GST Registration Certificate. No route for unregistered individual freelancers is listed.1 | Senders only. The personal service is for individuals sending for personal, family or household purposes, and business use is a breach. Remitly Business is for US-registered businesses with a US-resident account holder, and Remitly's Canada site says Remitly Business is also available to businesses in Canada. Recipients in India do not need a Remitly account to be paid; Remitly's India page offers recipients a free profile to request money.103475 |
| RBI PA-CB status | Airwallex's help centre lists India as a supported registration location, with the business onboarded by the Airwallex Singapore entity. Airwallex (Singapore) Pte. Ltd. says it is licensed in Singapore as a Major Payment Institution. Airwallex does not appear under the name Airwallex in RBI's list of authorised payment system operators (including PA-CB) as on 16 October 2026, nor in RBI's status of PA applications as on the same date.1361415 | Remitly does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026. Its US User Agreement says it processes transactions to India under the Rupee Drawing Arrangements established by the RBI.1610 |
| Support | Help centre and support request form; for FIRC requests Airwallex directs users to the chatbot in the logged-in web app. India-specific support channels are not published.912 | Remitly says business customers get 24/7 support by phone or help centre.4 |
| Limits | Airwallex's docs list no maximum transaction limit for local INR or SWIFT payouts to India. Limits for India-registered account holders are not published.11 | Not published as amounts. Remitly says limits vary by country, delivery method and verification, and are shown when the sender starts a transfer. |
| How clients pay | Local bank transfer or SWIFT to Global Account details (for example USD in the United States by ACH or Fedwire, GBP by Faster Payments, EUR by SEPA). Airwallex says restrictions apply by onboarding entity and does not publish which accounts an India-registered business receives. Card acceptance availability for India-registered businesses is not published.217 | The client sends from a Remitly account: a US or Canadian business through Remitly Business, or an individual through the personal service for personal purposes only. Money arrives in India by bank deposit, UPI, cash pickup or wallet.104185 |
| Card payments | Singapore pricing: 3.30% for domestic cards and 3.60% for international cards, plus a SG$0.50 gateway fee per transaction. Airwallex says the company must be registered in an eligible country for the payment method; whether India is eligible is not published on the pages checked.617 | The sender can fund a transfer with a debit or credit card; the Indian recipient cannot accept card payments through Remitly.410 |
How much INR do you receive on $2,000, $5,000 and $10,000 with Airwallex vs Remitly?
The INR you receive with Airwallex and Remitly is the invoice at the reference rate, less each provider's fee, conversion markup, GST on fees and FIRA charge. The table works this out from published pricing at today's rate.
None of these providers publishes both a fee and a conversion markup for USD.
Ranked by INR received on USD 5,000. Reference rate: European Central Bank data for 13 November 2026. Fees, conversion markup, GST on fees and FIRA charges as published by each provider, checked 28 October 2026. Ranges appear where a provider publishes a range or does not state its GST rate. Intermediary bank charges are excluded. See the methodology.
What is Airwallex and who is it for?
Airwallex is a global business account and payments company; its help centre lists India as a registration location onboarded by its Singapore entity, and it publishes no India-specific pricing page.139
- Regulated by: Airwallex's help centre lists India as a supported registration location, with the business onboarded by the Airwallex Singapore entity. Airwallex (Singapore) Pte. Ltd. says it is licensed in Singapore as a Major Payment Institution. Airwallex does not appear under the name Airwallex in RBI's list of authorised payment system operators (including PA-CB) as on 16 October 2026, nor in RBI's status of PA applications as on the same date.1361415
- Used by: India-registered companies and LLPs, proprietorships and partnerships, and MSMEs, per Airwallex's India document list. Proprietorships and partnerships need a GST Registration Certificate. No route for unregistered individual freelancers is listed.1
- Best for: Registered businesses paid by bank transfer.12
What is Remitly and who is it for?
Remitly is a money transfer service whose personal service is limited to individuals sending for personal, family or household purposes; its Remitly Business product lets US businesses pay contractors, freelancers and suppliers in India.104
- Regulated by: Remitly does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026. Its US User Agreement says it processes transactions to India under the Rupee Drawing Arrangements established by the RBI.1610
- Used by: Senders only. The personal service is for individuals sending for personal, family or household purposes, and business use is a breach. Remitly Business is for US-registered businesses with a US-resident account holder, and Remitly's Canada site says Remitly Business is also available to businesses in Canada. Recipients in India do not need a Remitly account to be paid; Remitly's India page offers recipients a free profile to request money.103475
- Best for: US or Canadian business clients already using Remitly.345
How do Airwallex and Remitly fees and FX markup compare?
Airwallex and Remitly charge in different ways, so compare the fee and the conversion markup together, not the headline fee alone.
What does Airwallex charge?
| Transaction type | Fee | FX markup | GST on fees | Best for |
|---|---|---|---|---|
| Local transfer to Global Account details (Singapore fee schedule) | 0%61312 | 0.6% | Not stated | Clients paying by local bank transfer |
| Card acceptance, international cards (Singapore fee schedule) | 3.6% + SGD 0.5612 | 0.6% | Not stated | Clients paying by card |
What does Remitly charge?
- Fees: Remitly says there are no fees for the receiver in India. The sender pays the transfer fee: on its USD to INR page, $3.99 below $1,000 and $0 at $1,000 or more for personal transfers, with no fee on a new customer's first transfer.78
How do Airwallex and Remitly compare on settlement speed?
Airwallex and Remitly publish these settlement times for money reaching an Indian bank account.
| Platform | Settlement time | Payout to India | Best for |
|---|---|---|---|
| Airwallex | Airwallex's docs give 0 to 2 business days for local INR payouts to India and 0 to 3 business days for SWIFT payouts to India.11 | Airwallex pays out to Indian bank accounts in INR by NEFT, IMPS, RTGS or iACH, or by SWIFT in foreign currencies. The Singapore fee schedule lists local payouts at $0 and SWIFT payouts at $20 (SHA) or $35 (OUR). Whether payout to your own Indian account is automatic is not published.116 | Registered businesses paid by bank transfer12 |
| Remitly | Remitly says business transfers to India are typically delivered within the hour, and that a delivery time is shown before the sender confirms.4 | Bank deposit, UPI, cash pickup or wallet in INR; the recipient does not need to withdraw anything.1847 | US or Canadian business clients already using Remitly345 |
Do Airwallex and Remitly provide FIRA and e-BRC, and are they RBI PA-CB authorised?
Airwallex and Remitly publish the FIRA position and RBI status below, checked on 28 October 2026. An e-BRC is generated by the exporter on the DGFT portal from bank remittance data, so it does not depend on the provider issuing one.38
| Platform | FIRA | RBI PA-CB status | Best for |
|---|---|---|---|
| Airwallex | Airwallex says an FIRC is issued by an authorised bank in India; you request it from Airwallex support through the chatbot in the web app, and Airwallex coordinates with its banking partner. Airwallex says there may be a fee, set by the banking partner. The amount is not published.12 | Airwallex's help centre lists India as a supported registration location, with the business onboarded by the Airwallex Singapore entity. Airwallex (Singapore) Pte. Ltd. says it is licensed in Singapore as a Major Payment Institution. Airwallex does not appear under the name Airwallex in RBI's list of authorised payment system operators (including PA-CB) as on 16 October 2026, nor in RBI's status of PA applications as on the same date.1361415 | Registered businesses paid by bank transfer12 |
| Remitly | Not published. Remitly's pages do not mention a FIRA or FIRC for the Indian recipient. | Remitly does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026. Its US User Agreement says it processes transactions to India under the Rupee Drawing Arrangements established by the RBI.1610 | US or Canadian business clients already using Remitly345 |
Which currencies, countries and payment methods do Airwallex and Remitly support?
Airwallex and Remitly accept the currencies and payment methods below, as each publishes them.
| Platform | Currencies | How clients pay | Card payments | Best for |
|---|---|---|---|---|
| Airwallex | Airwallex says Global Accounts collect in 20+ currencies. The list available to an India-registered business is not published.92 | Local bank transfer or SWIFT to Global Account details (for example USD in the United States by ACH or Fedwire, GBP by Faster Payments, EUR by SEPA). Airwallex says restrictions apply by onboarding entity and does not publish which accounts an India-registered business receives. Card acceptance availability for India-registered businesses is not published.217 | Singapore pricing: 3.30% for domestic cards and 3.60% for international cards, plus a SG$0.50 gateway fee per transaction. Airwallex says the company must be registered in an eligible country for the payment method; whether India is eligible is not published on the pages checked.617 | Registered businesses paid by bank transfer12 |
| Remitly | Senders pay in the currency of the send country; Remitly Business sends from the US. Recipients in India receive INR.348 | The client sends from a Remitly account: a US or Canadian business through Remitly Business, or an individual through the personal service for personal purposes only. Money arrives in India by bank deposit, UPI, cash pickup or wallet.104185 | The sender can fund a transfer with a debit or credit card; the Indian recipient cannot accept card payments through Remitly.410 | US or Canadian business clients already using Remitly345 |
What are the strengths and limitations of Airwallex and Remitly?
Airwallex and Remitly each suit some exporters better than others. These points come from each provider's own pages.
What are the strengths and limitations of Airwallex?
Strengths:
- Your business is a registered Indian company, LLP, partnership or GST-registered proprietorship that wants local account details abroad for clients paying by bank transfer.12
- You also pay overseas suppliers or contractors and want one account for collections and payouts in several currencies.96
- You are comfortable requesting an FIRC from support for each transaction rather than receiving one automatically.12
Limitations:
- Airwallex does not appear under the name Airwallex in RBI's list of authorised payment aggregators, including PA-CB, as on 16 October 2026.1415
- There is no India pricing page; India-registered businesses are onboarded by the Singapore entity, whose fee schedule does not mention India.136
- The India document list requires a GST Registration Certificate for proprietorships and partnerships, and lists no route for unregistered individual freelancers.1
- The FIRC is issued on request through support, and its fee is set by a banking partner and not published.12
- Purpose code handling for receipts into India is not published.39
- SWIFT payouts cost $20 (SHA) or $35 (OUR) under the Singapore fee schedule.6
What are the strengths and limitations of Remitly?
Strengths:
- Your client is a US or Canadian business that already uses, or is willing to open, a Remitly Business account to pay contractors in India.345
- Your client is an individual paying for a personal need, such as private tutoring, which Remitly's personal terms permit.10
Limitations:
- An Indian freelancer or company cannot open an account to receive or invoice through Remitly; the client must be the Remitly customer.1034
- Remitly Business is offered to businesses in the US and Canada only, and Remitly's personal terms prohibit sending for business purposes.3105
- Remitly is not on the RBI list of authorised PA-CB entities, and its pages do not mention a FIRA, FIRC or purpose code for the Indian recipient.1647
Should you choose Airwallex or Remitly?
Choose between Airwallex and Remitly by how your clients pay and your usual invoice size.
Choose Airwallex if:
- Your business is a registered Indian company, LLP, partnership or GST-registered proprietorship that wants local account details abroad for clients paying by bank transfer.12
- You also pay overseas suppliers or contractors and want one account for collections and payouts in several currencies.96
- You are comfortable requesting an FIRC from support for each transaction rather than receiving one automatically.12
Choose Remitly if:
- Your client is a US or Canadian business that already uses, or is willing to open, a Remitly Business account to pay contractors in India.345
- Your client is an individual paying for a personal need, such as private tutoring, which Remitly's personal terms permit.10
For example, say a designer invoices a US client USD 2,000. Because neither provider does not publish full pricing for that case, ask for a quote in writing and compare it with the FIRA rate after the first payment.69108
Which other platforms should you consider besides Airwallex and Remitly?
Other platforms to consider besides Airwallex and Remitly are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.2021222324252728303133353637
| Platform | Best for | Estimated cost on USD 5,000 | FIRA | Review |
|---|---|---|---|---|
| Skydo | Local bank transfers from major markets19 | 0.68%202122232425 | Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.2426 | Skydo review |
| Karbon Business | US bank transfers and marketplace payouts27 | 1.00 to 1.18%2728 | Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.27 | Karbon Business review |
| Razorpay | Local transfers from the US, UK and eurozone29 | 1.00 to 1.18%3031 | Razorpay provides a Foreign Inward Remittance Statement (FIRS), sent to the contact email within 24 hours after settlement for bank transfers, and downloadable from the dashboard, which shows bank-provided certificates and Razorpay-generated statements. The pricing page lists FIRC or eFIRC as included and auto-generated for international cards. No separate charge is published.293231 | Razorpay review |
| Winvesta | Local transfers with a published per-payment fee3334 | 1.24%33353637 | Free e-FIRA, emailed within 24 hours of funds reaching the Indian bank account and downloadable from the dashboard; it shows the purpose code and exchange rate.3635 | Winvesta review |
Compare every provider on your own invoice in the platform cost comparison.
How did we verify this?
We checked this page against the sources below on 28 October 2026. Provider fees, conversion markups and RBI payment aggregator (PA-CB) status were checked on 28 October 2026. Rupee amounts use European Central Bank reference rates for 13 November 2026. Read our methodology or report an error.
- [1]Airwallex Help Centre, Documents required for companies in South East Asia (India section) (checked 2026-10-28)
- [2]Airwallex Help Centre, Which currencies can I get a Global Account in and what payments can I receive? (checked 2026-10-28)
- [3]Remitly Business Account Agreement (US), updated 1 August 2026, sections 3, 4 and 8 (checked 2026-10-28)
- [4]Remitly, Business payments from the United States to India (checked 2026-10-28)
- [5]Remitly Canada, Remitly Business page and FAQ (checked 2026-10-31)
- [6]Airwallex Singapore, Fee schedule, last updated 10 October 2026 (checked 2026-10-28)
- [7]Remitly India, Receive money in India from family abroad (checked 2026-10-28)
- [8]Remitly, USD to INR rate and fees (checked 2026-10-28)
- [9]Airwallex Singapore, Pricing (checked 2026-10-28)
- [10]Remitly User Agreement (US), effective 23 February 2026, sections on account use, foreign currency exchange, commercial transactions and transactions to India (checked 2026-10-28)
- [11]Airwallex Docs, Payout network: bank accounts, India (checked 2026-10-28)
- [12]Airwallex Help Centre, What is an FIRC and how do I get one? (checked 2026-10-28)
- [13]Airwallex Help Centre, Eligible Countries and Territories (checked 2026-10-28)
- [14]RBI: Payment System Operators authorised under the Payment and Settlement Systems Act, 2007, list as on 16 October 2026 (checked 2026-10-28)
- [15]RBI: Status of Applications received under Payment and Settlement Systems Act, 2007, as on 16 October 2026 (checked 2026-10-28)
- [16]RBI: Payment system operators authorised under the PSS Act, 2007, list as on 16 October 2026 (checked 2026-10-28)
- [17]Airwallex Help Centre, Payments Eligibility (checked 2026-10-28)
- [18]Remitly, Send money to India from the United States (checked 2026-10-28)
- [19]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
- [20]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
- [21]Skydo, Home page (checked 2026-10-28)
- [22]Skydo FAQ, Who will bear the SWIFT charges? (checked 2026-10-28)
- [23]Skydo FAQ, Limitations and restrictions on receiving your foreign remittance via Skydo (checked 2026-10-28)
- [24]Skydo, Receive international payments in India as a freelancer (checked 2026-10-28)
- [25]Skydo, Terms of use (checked 2026-10-28)
- [26]Skydo FAQs, What is accepted for GST filings and banks between FIRA and FIRC? (checked 2026-10-28)
- [27]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
- [28]Karbon, PayPal alternative (checked 2026-10-28)
- [29]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
- [30]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
- [31]Razorpay, Pricing (checked 2026-10-28)
- [32]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
- [33]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
- [34]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
- [35]Winvesta, Multi-currency account (checked 2026-10-28)
- [36]Winvesta FAQ, When will I receive my e-FIRA certificate? (checked 2026-10-28)
- [37]Winvesta FAQ, Can I get priority processing for my withdrawal? (checked 2026-10-28)
- [38]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
- [39]Airwallex Help Centre, How can I create a transfer/payout? (checked 2026-10-28)
- [40]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)
Frequently asked questions
Which is cheaper for Indian exporters, Airwallex or Remitly?+
There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.69108 The answer can change with the currency, payment method and invoice size, so check your own numbers in the platform cost comparison.
Do Airwallex and Remitly give a FIRA to Indian exporters?+
Airwallex: Airwallex says an FIRC is issued by an authorised bank in India; you request it from Airwallex support through the chatbot in the web app, and Airwallex coordinates with its banking partner. Airwallex says there may be a fee, set by the banking partner. The amount is not published.12 Remitly: Not published. Remitly's pages do not mention a FIRA or FIRC for the Indian recipient.
Can individual freelancers use Airwallex and Remitly?+
Airwallex: India-registered companies and LLPs, proprietorships and partnerships, and MSMEs, per Airwallex's India document list. Proprietorships and partnerships need a GST Registration Certificate. No route for unregistered individual freelancers is listed.1 Remitly: Senders only. The personal service is for individuals sending for personal, family or household purposes, and business use is a breach. Remitly Business is for US-registered businesses with a US-resident account holder, and Remitly's Canada site says Remitly Business is also available to businesses in Canada. Recipients in India do not need a Remitly account to be paid; Remitly's India page offers recipients a free profile to request money.103475
Are Airwallex and Remitly authorised by the RBI?+
Airwallex: Airwallex's help centre lists India as a supported registration location, with the business onboarded by the Airwallex Singapore entity. Airwallex (Singapore) Pte. Ltd. says it is licensed in Singapore as a Major Payment Institution. Airwallex does not appear under the name Airwallex in RBI's list of authorised payment system operators (including PA-CB) as on 16 October 2026, nor in RBI's status of PA applications as on the same date.1361415 Remitly: Remitly does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026. Its US User Agreement says it processes transactions to India under the Rupee Drawing Arrangements established by the RBI.1610
How fast do Airwallex and Remitly pay out to an Indian bank?+
Airwallex: Airwallex's docs give 0 to 2 business days for local INR payouts to India and 0 to 3 business days for SWIFT payouts to India.11 Remitly: Remitly says business transfers to India are typically delivered within the hour, and that a delivery time is shown before the sender confirms.4
Do I still need an LUT if I am paid through Airwallex or Remitly?+
Yes, if you are registered under GST and want to invoice the export without IGST. The Letter of Undertaking is a GST filing for the financial year, and it does not depend on how the money reaches you, whether through Airwallex, Remitly or a bank wire.40
This page is general information for Indian service exporters, not tax or legal advice. Rules change and outcomes depend on your facts, so confirm with a chartered accountant before acting.
Keep reading
Airwallex for Indian service exporters: how it works, costs and limits
How Indian businesses can use Airwallex to get paid from abroad: Singapore onboarding, who can sign up, fees, FIRC on request, purpose codes and the 2026 RBI rules.
PlatformsRemitly for Indian service exporters: how it works, costs and limits
Can Indian freelancers get paid through Remitly? What its personal and US business terms allow, how money reaches India, fees, FIRA and the 2026 EDF rules.
CompareWhat Are the Best Airwallex Alternatives for Indian Exporters and Freelancers in 2026?
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CompareWhat Are the Best Remitly Alternatives for Indian Exporters and Freelancers in 2026?
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