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Currenxie vs Cashfree Payments (2026): Which Is Better for Receiving International Payments in India?

Author:
Editorial team, serviceexportguide.com
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Editorial team
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Fees checked on
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13 min read

Short answer

Neither Currenxie nor Cashfree Payments 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: Currenxie is best for companies registered outside India, and Cashfree Payments is best for registered businesses paid by local transfer.1234

Use caseBetter optionWhy
Bank transfer of USD 5,000Cannot compareNeither publishes full pricing for this case.
Bank transfer of USD 2,000Cannot compareNeither publishes full pricing for this case.
Client paying USD 2,000 by card or linkCannot compareNeither publishes full pricing for this case.
Currenxie is best forCurrenxieCompanies registered outside India.12
Cashfree Payments is best forCashfree PaymentsRegistered businesses paid by local transfer.34

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 routeBest forFee (+GST)MarkupYou receiveCost
1Karbon BusinessLowest estimated costBank transfer to a Karbon virtual USD accountUS bank transfers and marketplace payouts₹942plus GST, rate not stated0%₹93,131 to ₹93,3011.00 to 1.18%
2RazorpayMoneySaver Export Account: bank transfer to virtual account details (Standard plan)Local transfers from the US, UK and eurozone₹1,000plus GST, rate not stated0%₹93,063 to ₹93,2431.06 to 1.25%
3WinvestaGlobal Collections Account, standard plan (up to 2,000 a month per currency)Local transfers with a published per-payment fee₹1,4350%₹92,8091.52%
4SkydoPayment link (InstaLinks) paid by ACH debitLocal bank transfers from major markets₹1,885plus GST, rate not stated0%₹92,019 to ₹92,3582.00 to 2.36%
5PayoneerLocal bank transfer to Payoneer receiving account detailsMarketplace payouts such as Amazon or Upwork₹0no GST stated1 to 4%₹90,473 to ₹93,3011.00 to 4.00%
6PayPalInternational commercial transaction received into a PayPal account (PayPal checkout or invoice)Clients paying by card or PayPal balance₹4,175no GST stated3 to 4%₹86,465 to ₹87,3667.30 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 Currenxie and Cashfree Payments compare at a glance?

Currenxie and Cashfree Payments 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.567

CurrenxieCashfree Payments
Best forCompanies registered outside India12Registered businesses paid by local transfer34
FeesUSD 0.75 per local payment collected; USD 8.00 per SWIFT payment sent or received; USD 8.00 one-time fee for each additional virtual account activation. Global Account itself listed as free.5Global Collections: Not published. The pricing page shows 'Request Price' and describes a 'Low, processing fee; no hidden charges'. Cashfree says there is no setup cost.67
FX markupMid-market rate plus a published percentage by currency tier: 0.50% for exchanges with INR (Tier 3); 0.35% for major currencies such as USD, EUR and GBP (Tier 1). How a pair spanning two tiers is priced is not published.5Cashfree says Global Collections has no forex markup and that it handles conversion to INR in real time. The exchange rate used and any spread are not published.873
SettlementNot published for payments to India.Global Collections: Not published for the exporter. Cashfree says funds are swept to a NOSTRO account and repatriated to India no later than seven days after credit. International card gateway: T+2 per Cashfree's documentation.79
FIRANot published. Currenxie's pricing, product and terms pages do not mention a FIRA, FIRC or e-BRC.Cashfree's Global Collections page says an e-FIRA is generated at no extra cost within 1 day. Its documentation says its AD-1 partner bank issues an eFIRS on a T+1 basis, obtained by request through the support form or account manager. For the card gateway, Cashfree mentions monthly FIRC reports and instant FIRS.78109
CurrenciesLocal collection is listed for these countries and currencies on Currenxie's network page. INR is not a collection or holding currency; India appears only as a local payout destination.25Global Collections local account details in USD, EUR, CAD and GBP, plus SWIFT. Cashfree's documentation lists 17 supported currencies; its marketing pages say 30+ currencies from 180+ countries. The card gateway is described as accepting 140+ currencies.489
KYC: who can sign upBusinesses only. Currenxie says it does not offer accounts for sole traders or for personal use, welcomes businesses registered in most countries except sanctioned or high-risk ones, and cannot onboard US-registered businesses. Whether an India-registered company is accepted is not published.1Businesses only, per Cashfree. Its pricing page says it currently enables cross-border payments only for businesses, and its Global Collections documentation says you must be a registered business in India. Cashfree does not publish which legal forms (sole proprietor, partnership, LLP, company) qualify.63
RBI PA-CB statusNo Indian authorisation found. Currenxie is not named in the RBI list of authorised payment aggregators (including PA-CB) dated 16 October 2026. Currenxie lists licensed entities in Australia, Canada, Hong Kong, Ireland, Mexico, South Africa and the United Kingdom, none in India. Its Global Account terms are with Currenxie Ltd, a Hong Kong Money Service Operator (licence 14-05-01424), and say an account may be opened only if it is legal to do so in the customer's country of residence.1112Cashfree Payments India Private Limited appears on the RBI list of authorised payment system operators as a Payment Aggregator (online and physical) and as PA-CB I & O, which the RBI defines as a Payment Aggregator, Cross Border facilitating inward and outward transactions. Cashfree's own pages also say Global Collections operates under the RBI's OPGSP (Online Payment Gateway Service Provider) guideline.13810
SupportHelp Centre and contact form on the website; Currenxie describes personal client support. No India-specific support is published.1Support form in the merchant dashboard and an account manager; Global Collections onboarding is through Contact Sales. Enterprise customers get a dedicated account manager and WhatsApp support.1038
LimitsNot published.Global Collections: invoice value up to USD 10,000 per transaction, per Cashfree; no daily or monthly cap on the number of transactions. The RBI Master Direction sets ₹25 lakh per transaction for PA-CB export transactions.10714
How clients payLocal bank transfer to a virtual account in the Global Account holder's name, SWIFT transfer, or collection from marketplaces and payment gateways such as Amazon, Shopify, PayPal and Stripe. No card checkout for clients is published.15Global Collections: local bank transfer to collection account details (ACH in the US, SEPA in Europe, EFT in Canada, Faster Payments in the UK) or SWIFT. International Payment Gateway: international cards (Visa, Mastercard, American Express) on a checkout, and PayPal through the merchant's own linked PayPal account.4915
Card paymentsNot published. Currenxie's Visa cards are spending cards for account holders (available to Hong Kong-registered businesses), not a way for clients to pay by card.Yes, through the International Payment Gateway. Published platform fee: 2.99% for Visa and Mastercard international cards, 2.95% for American Express. PayPal is charged at PayPal's own rates; Cashfree says it adds no gateway charge for PayPal.68

How much INR do you receive on $2,000, $5,000 and $10,000 with Currenxie vs Cashfree Payments?

The INR you receive with Currenxie and Cashfree Payments 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.

Not estimated because pricing for USD is not fully published: Cashfree Payments.

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 Currenxie and who is it for?

Currenxie is a payments company whose Global Account, provided by Hong Kong-incorporated Currenxie Ltd, gives businesses (not sole traders) local virtual account details in several countries; it does not publish an India product, is not on the RBI list of authorised payment aggregators, and does not mention FIRA or purpose codes.11211

  • Regulated by: No Indian authorisation found. Currenxie is not named in the RBI list of authorised payment aggregators (including PA-CB) dated 16 October 2026. Currenxie lists licensed entities in Australia, Canada, Hong Kong, Ireland, Mexico, South Africa and the United Kingdom, none in India. Its Global Account terms are with Currenxie Ltd, a Hong Kong Money Service Operator (licence 14-05-01424), and say an account may be opened only if it is legal to do so in the customer's country of residence.1112
  • Used by: Businesses only. Currenxie says it does not offer accounts for sole traders or for personal use, welcomes businesses registered in most countries except sanctioned or high-risk ones, and cannot onboard US-registered businesses. Whether an India-registered company is accepted is not published.1
  • Best for: Companies registered outside India.12

What is Cashfree Payments and who is it for?

Cashfree Payments is a Bengaluru-based payment company, authorised by the RBI as a cross-border payment aggregator for inward and outward transactions, whose Global Collections product gives Indian businesses local collection account details abroad and settles receipts in INR.1334

  • Regulated by: Cashfree Payments India Private Limited appears on the RBI list of authorised payment system operators as a Payment Aggregator (online and physical) and as PA-CB I & O, which the RBI defines as a Payment Aggregator, Cross Border facilitating inward and outward transactions. Cashfree's own pages also say Global Collections operates under the RBI's OPGSP (Online Payment Gateway Service Provider) guideline.13810
  • Used by: Businesses only, per Cashfree. Its pricing page says it currently enables cross-border payments only for businesses, and its Global Collections documentation says you must be a registered business in India. Cashfree does not publish which legal forms (sole proprietor, partnership, LLP, company) qualify.63
  • Best for: Registered businesses paid by local transfer.34

How do Currenxie and Cashfree Payments fees and FX markup compare?

Currenxie and Cashfree Payments charge in different ways, so compare the fee and the conversion markup together, not the headline fee alone.

What does Currenxie charge?

  • Fees: USD 0.75 per local payment collected; USD 8.00 per SWIFT payment sent or received; USD 8.00 one-time fee for each additional virtual account activation. Global Account itself listed as free.5

What does Cashfree Payments charge?

Transaction typeFeeFX markupGST on feesBest for
Global Collections: local account details or Global SWIFT AccountNot published760%Not statedClients paying by local bank transfer
International Payment Gateway: Visa or Mastercard international cards2.99%6Not publishedNot statedClients paying by card
International Payment Gateway: American Express2.95%6Not publishedNot statedClients paying by card

How do Currenxie and Cashfree Payments compare on settlement speed?

Currenxie and Cashfree Payments publish these settlement times for money reaching an Indian bank account.

PlatformSettlement timePayout to IndiaBest for
CurrenxieNot published for payments to India.The Global Account holder can send a local INR payment to a bank account in India for USD 3.00 per transfer, plus the 0.50% INR conversion fee if converted. This is an outward payment from a foreign account, not an inward export remittance service for an Indian exporter.52Companies registered outside India12
Cashfree PaymentsGlobal Collections: Not published for the exporter. Cashfree says funds are swept to a NOSTRO account and repatriated to India no later than seven days after credit. International card gateway: T+2 per Cashfree's documentation.79Automatic. Receipts are converted to INR and settled to the exporter's Indian bank account; Cashfree says balances cannot be held in foreign currency or settled to a foreign currency account. No separate withdrawal fee is published.37Registered businesses paid by local transfer34

Do Currenxie and Cashfree Payments provide FIRA and e-BRC, and are they RBI PA-CB authorised?

Currenxie and Cashfree Payments 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.35

PlatformFIRARBI PA-CB statusBest for
CurrenxieNot published. Currenxie's pricing, product and terms pages do not mention a FIRA, FIRC or e-BRC.No Indian authorisation found. Currenxie is not named in the RBI list of authorised payment aggregators (including PA-CB) dated 16 October 2026. Currenxie lists licensed entities in Australia, Canada, Hong Kong, Ireland, Mexico, South Africa and the United Kingdom, none in India. Its Global Account terms are with Currenxie Ltd, a Hong Kong Money Service Operator (licence 14-05-01424), and say an account may be opened only if it is legal to do so in the customer's country of residence.1112Companies registered outside India12
Cashfree PaymentsCashfree's Global Collections page says an e-FIRA is generated at no extra cost within 1 day. Its documentation says its AD-1 partner bank issues an eFIRS on a T+1 basis, obtained by request through the support form or account manager. For the card gateway, Cashfree mentions monthly FIRC reports and instant FIRS.78109Cashfree Payments India Private Limited appears on the RBI list of authorised payment system operators as a Payment Aggregator (online and physical) and as PA-CB I & O, which the RBI defines as a Payment Aggregator, Cross Border facilitating inward and outward transactions. Cashfree's own pages also say Global Collections operates under the RBI's OPGSP (Online Payment Gateway Service Provider) guideline.13810Registered businesses paid by local transfer34

Which currencies, countries and payment methods do Currenxie and Cashfree Payments support?

Currenxie and Cashfree Payments accept the currencies and payment methods below, as each publishes them.

PlatformCurrenciesHow clients payCard paymentsBest for
CurrenxieLocal collection is listed for these countries and currencies on Currenxie's network page. INR is not a collection or holding currency; India appears only as a local payout destination.25Local bank transfer to a virtual account in the Global Account holder's name, SWIFT transfer, or collection from marketplaces and payment gateways such as Amazon, Shopify, PayPal and Stripe. No card checkout for clients is published.15Not published. Currenxie's Visa cards are spending cards for account holders (available to Hong Kong-registered businesses), not a way for clients to pay by card.Companies registered outside India12
Cashfree PaymentsGlobal Collections local account details in USD, EUR, CAD and GBP, plus SWIFT. Cashfree's documentation lists 17 supported currencies; its marketing pages say 30+ currencies from 180+ countries. The card gateway is described as accepting 140+ currencies.489Global Collections: local bank transfer to collection account details (ACH in the US, SEPA in Europe, EFT in Canada, Faster Payments in the UK) or SWIFT. International Payment Gateway: international cards (Visa, Mastercard, American Express) on a checkout, and PayPal through the merchant's own linked PayPal account.4915Yes, through the International Payment Gateway. Published platform fee: 2.99% for Visa and Mastercard international cards, 2.95% for American Express. PayPal is charged at PayPal's own rates; Cashfree says it adds no gateway charge for PayPal.68Registered businesses paid by local transfer34

What are the strengths and limitations of Currenxie and Cashfree Payments?

Currenxie and Cashfree Payments each suit some exporters better than others. These points come from each provider's own pages.

What are the strengths and limitations of Currenxie?

Strengths:

  • You run a company registered outside India (and outside the US) that is accepted by Currenxie and want local account details in currencies such as USD, EUR, GBP or HKD.12
  • Your business needs to pay suppliers or staff in India in INR from a foreign multi-currency account.52

Limitations:

  • Not authorised by the RBI as a payment aggregator, including PA-CB, as of the list dated 16 October 2026.11
  • No accounts for sole traders or personal use, so individual freelancers cannot sign up.1
  • No FIRA, FIRC or purpose code process is published.5112
  • INR cannot be held in the Global Account; INR is a payout currency only.52
  • Currenxie may hold, reject or return incoming payments at its discretion under its compliance policies.12

What are the strengths and limitations of Cashfree Payments?

Strengths:

  • You bill through a registered Indian business and want overseas clients to pay by local transfer in USD, EUR, CAD or GBP, with INR settled automatically.34
  • Your invoices are each up to USD 10,000.10
  • You also want a card checkout for international clients, with a published platform fee.69

Limitations:

  • Global Collections pricing is not published; Cashfree quotes it on request.6
  • Cross-border payments are available only to businesses, so individuals without a registered business cannot use Global Collections per Cashfree.63
  • Invoice value is capped at USD 10,000 per transaction for Global Collections.10
  • Foreign currency balances cannot be held; all receipts settle in INR.7

Should you choose Currenxie or Cashfree Payments?

Choose between Currenxie and Cashfree Payments by how your clients pay and your usual invoice size.

Choose Currenxie if:

  • You run a company registered outside India (and outside the US) that is accepted by Currenxie and want local account details in currencies such as USD, EUR, GBP or HKD.12
  • Your business needs to pay suppliers or staff in India in INR from a foreign multi-currency account.52

Choose Cashfree Payments if:

  • You bill through a registered Indian business and want overseas clients to pay by local transfer in USD, EUR, CAD or GBP, with INR settled automatically.34
  • Your invoices are each up to USD 10,000.10
  • You also want a card checkout for international clients, with a published platform fee.69

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.5873

Which other platforms should you consider besides Currenxie and Cashfree Payments?

Other platforms to consider besides Currenxie and Cashfree Payments are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.1718192021222425272830323334

PlatformBest forEstimated cost on USD 5,000FIRAReview
SkydoLocal bank transfers from major markets160.68%171819202122Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.2123Skydo review
Karbon BusinessUS bank transfers and marketplace payouts241.00 to 1.18%2425Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.24Karbon Business review
RazorpayLocal transfers from the US, UK and eurozone261.00 to 1.18%2728Razorpay 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.262928Razorpay review
WinvestaLocal transfers with a published per-payment fee30311.24%30323334Free 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.3332Winvesta 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. [1]Currenxie, Global Account product page and FAQ (checked 2026-10-28)
  2. [2]Currenxie, Network page: local collect, local payout and wire countries (checked 2026-10-28)
  3. [3]Cashfree Payments Docs, Global Collections overview (checked 2026-10-28)
  4. [4]Cashfree Payments Docs, Global Collections: Collection Accounts (checked 2026-10-28)
  5. [5]Currenxie, Pricing (checked 2026-10-28)
  6. [6]Cashfree Payments, Payment Gateway Charges (India), International Cards, Global Collections and Cross Border FAQ (checked 2026-10-28)
  7. [7]Cashfree Payments, Global Collections: International wire transfer for Indian businesses (checked 2026-10-28)
  8. [8]Cashfree Payments, Cross Border Payment solutions: Accept international payments (checked 2026-10-28)
  9. [9]Cashfree Payments Docs, International Payment Gateway (IPG) overview (checked 2026-10-28)
  10. [10]Cashfree Payments Docs, Global Collections FAQs (checked 2026-10-28)
  11. [11]RBI: Certificates of Authorisation issued under the Payment and Settlement Systems Act, 2007, Payment Aggregators (PA-O, PA-P and PA-CB) section, list dated 16 October 2026
  12. [12]Currenxie, Global Account Terms and Conditions, Currenxie Ltd, Hong Kong (checked 2026-10-28)
  13. [13]RBI, Certificates of Authorisation issued under the Payment and Settlement Systems Act, 2007 for setting up and operating payment systems in India, Payment Aggregators table (checked 2026-10-28)
  14. [14]RBI, Master Direction on Regulation of Payment Aggregators, 15 September 2025
  15. [15]Cashfree Payments Docs, PayPal for International Payments (checked 2026-10-28)
  16. [16]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
  17. [17]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
  18. [18]Skydo, Home page (checked 2026-10-28)
  19. [19]Skydo FAQ, Who will bear the SWIFT charges? (checked 2026-10-28)
  20. [20]Skydo FAQ, Limitations and restrictions on receiving your foreign remittance via Skydo (checked 2026-10-28)
  21. [21]Skydo, Receive international payments in India as a freelancer (checked 2026-10-28)
  22. [22]Skydo, Terms of use (checked 2026-10-28)
  23. [23]Skydo FAQs, What is accepted for GST filings and banks between FIRA and FIRC? (checked 2026-10-28)
  24. [24]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
  25. [25]Karbon, PayPal alternative (checked 2026-10-28)
  26. [26]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
  27. [27]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
  28. [28]Razorpay, Pricing (checked 2026-10-28)
  29. [29]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
  30. [30]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
  31. [31]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
  32. [32]Winvesta, Multi-currency account (checked 2026-10-28)
  33. [33]Winvesta FAQ, When will I receive my e-FIRA certificate? (checked 2026-10-28)
  34. [34]Winvesta FAQ, Can I get priority processing for my withdrawal? (checked 2026-10-28)
  35. [35]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
  36. [36]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)

Frequently asked questions

Which is cheaper for Indian exporters, Currenxie or Cashfree Payments?+

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.5873 The answer can change with the currency, payment method and invoice size, so check your own numbers in the platform cost comparison.

Do Currenxie and Cashfree Payments give a FIRA to Indian exporters?+

Currenxie: Not published. Currenxie's pricing, product and terms pages do not mention a FIRA, FIRC or e-BRC. Cashfree Payments: Cashfree's Global Collections page says an e-FIRA is generated at no extra cost within 1 day. Its documentation says its AD-1 partner bank issues an eFIRS on a T+1 basis, obtained by request through the support form or account manager. For the card gateway, Cashfree mentions monthly FIRC reports and instant FIRS.78109

Can individual freelancers use Currenxie and Cashfree Payments?+

Currenxie: Businesses only. Currenxie says it does not offer accounts for sole traders or for personal use, welcomes businesses registered in most countries except sanctioned or high-risk ones, and cannot onboard US-registered businesses. Whether an India-registered company is accepted is not published.1 Cashfree Payments: Businesses only, per Cashfree. Its pricing page says it currently enables cross-border payments only for businesses, and its Global Collections documentation says you must be a registered business in India. Cashfree does not publish which legal forms (sole proprietor, partnership, LLP, company) qualify.63

Are Currenxie and Cashfree Payments authorised by the RBI?+

Currenxie: No Indian authorisation found. Currenxie is not named in the RBI list of authorised payment aggregators (including PA-CB) dated 16 October 2026. Currenxie lists licensed entities in Australia, Canada, Hong Kong, Ireland, Mexico, South Africa and the United Kingdom, none in India. Its Global Account terms are with Currenxie Ltd, a Hong Kong Money Service Operator (licence 14-05-01424), and say an account may be opened only if it is legal to do so in the customer's country of residence.1112 Cashfree Payments: Cashfree Payments India Private Limited appears on the RBI list of authorised payment system operators as a Payment Aggregator (online and physical) and as PA-CB I & O, which the RBI defines as a Payment Aggregator, Cross Border facilitating inward and outward transactions. Cashfree's own pages also say Global Collections operates under the RBI's OPGSP (Online Payment Gateway Service Provider) guideline.13810

How fast do Currenxie and Cashfree Payments pay out to an Indian bank?+

Currenxie: Not published for payments to India.5 Cashfree Payments: Global Collections: Not published for the exporter. Cashfree says funds are swept to a NOSTRO account and repatriated to India no later than seven days after credit. International card gateway: T+2 per Cashfree's documentation.79

Do I still need an LUT if I am paid through Currenxie or Cashfree Payments?+

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 Currenxie, Cashfree Payments or a bank wire.36

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.

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