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

Q: How fast do Currenxie and PayU pay out to an Indian bank?

Currenxie: Not published for payments to India. PayU: Typically T+2 business days for international payments.

Author:: Editorial team, serviceexportguide.com
Verified by:: Editorial team
Published: 28 October 2026
Last modified: 28 October 2026
Fees checked on: 28 October 2026
Reading time: 12 min read

Short answer

Neither Currenxie nor PayU 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 PayU is best for card or PayPal checkout with INR settlement.¹²³

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.
Currenxie is best for	Currenxie	Companies registered outside India.¹²
PayU is best for	PayU	Card or PayPal checkout with INR settlement.³

Invoice amountCurrencyHow the client pays

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 Currenxie and PayU compare at a glance?

Currenxie and PayU 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.⁴⁵

	Currenxie	PayU
Best for	Companies registered outside India¹²	Card or PayPal checkout with INR settlement³
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.⁴	3% for international transactions under the Standard Plan, GST extra. No separate bank transfer receiving fee is published because PayU does not publish a bank transfer collection route.⁵
FX markup	Mid-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.⁴	Converted to INR at the rate on the transaction date; PayU says it applies exchange rate or margins on the card issuing currency for dynamic currency conversion. The margin is not published.³⁶
Settlement	Not published for payments to India.	Typically T+2 business days for international payments.³⁶
FIRA	Not published. Currenxie's pricing, product and terms pages do not mention a FIRA, FIRC or e-BRC.	PayU says it provides a FIRC on request through the merchant's Key Account Manager. The cost is not published.⁶
Currencies	Local 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.²⁴	PayU says it accepts payments in 135+ currencies and can show local prices in 27 currencies.³⁶
KYC: who can sign up	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	PayU's account activation checklist covers individuals, sole proprietorships, partnerships, LLPs, private and public limited companies and other entity types. International payments must be enabled separately through a PayU Key Account Manager; PayU does not publish which entity types are eligible for them.⁷⁸
RBI PA-CB status	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.⁹¹⁰	The RBI lists PayU Payments Private Limited as a Payment Aggregator (online and physical) and as PA-CB I & O, a cross-border payment aggregator facilitating inward and outward transactions, in its list dated 16 October 2026.¹¹
Support	Help Centre and contact form on the website; Currenxie describes personal client support. No India-specific support is published.¹	Existing merchants raise a ticket at help.payu.in or email care@payu.in; new merchants are directed to their account manager or care@payu.in for international rates.³
Limits	Not published.	PayU does not publish a limit for export receipts. RBI rules set a limit of ₹25 lakh per export transaction for PA-CBs.³¹²
How clients pay	Local 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.¹⁴	International credit and debit cards (Visa, Mastercard, American Express) and PayPal at a PayU checkout. PayU does not publish local bank account details or virtual accounts for foreign clients to pay by bank transfer.³⁸
Card payments	Not 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. International card transactions fall under PayU's 3% Standard Plan slab, GST extra.⁵

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

The INR you receive with Currenxie and PayU 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 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.¹¹⁰⁹

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.⁹¹⁰
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 PayU and who is it for?

PayU is an Indian payment gateway that the RBI lists as a cross-border payment aggregator for inward and outward transactions; its international payments product lets Indian merchants accept foreign cards and PayPal and settles in INR.¹¹³

Regulated by: The RBI lists PayU Payments Private Limited as a Payment Aggregator (online and physical) and as PA-CB I & O, a cross-border payment aggregator facilitating inward and outward transactions, in its list dated 16 October 2026.¹¹
Used by: PayU's account activation checklist covers individuals, sole proprietorships, partnerships, LLPs, private and public limited companies and other entity types. International payments must be enabled separately through a PayU Key Account Manager; PayU does not publish which entity types are eligible for them.⁷⁸
Best for: Card or PayPal checkout with INR settlement.³

How do Currenxie and PayU fees and FX markup compare?

Currenxie and PayU 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.⁴

What does PayU charge?

Transaction type	Fee	FX markup	GST on fees	Best for
International card or PayPal transaction at PayU checkout (Standard plan)	3%⁵⁶	Not published	Not stated	Clients paying by card

How do Currenxie and PayU compare on settlement speed?

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

Platform	Settlement time	Payout to India	Best for
Currenxie	Not 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.⁴²	Companies registered outside India¹²
PayU	Typically T+2 business days for international payments.³⁶	Settled automatically to the merchant's bank account in INR; PayU's documentation also mentions non-INR settlement. No separate payout fee is published for standard settlement; priority or same-day settlement may carry a nominal fee that is not published.³⁸⁵	Card or PayPal checkout with INR settlement³

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

Currenxie and PayU 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.³²

Platform	FIRA	RBI PA-CB status	Best for
Currenxie	Not 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.⁹¹⁰	Companies registered outside India¹²
PayU	PayU says it provides a FIRC on request through the merchant's Key Account Manager. The cost is not published.⁶	The RBI lists PayU Payments Private Limited as a Payment Aggregator (online and physical) and as PA-CB I & O, a cross-border payment aggregator facilitating inward and outward transactions, in its list dated 16 October 2026.¹¹	Card or PayPal checkout with INR settlement³

Which currencies, countries and payment methods do Currenxie and PayU support?

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

Platform	Currencies	How clients pay	Card payments	Best for
Currenxie	Local 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.²⁴	Local 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.¹⁴	Not 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
PayU	PayU says it accepts payments in 135+ currencies and can show local prices in 27 currencies.³⁶	International credit and debit cards (Visa, Mastercard, American Express) and PayPal at a PayU checkout. PayU does not publish local bank account details or virtual accounts for foreign clients to pay by bank transfer.³⁸	Yes. International card transactions fall under PayU's 3% Standard Plan slab, GST extra.⁵	Card or PayPal checkout with INR settlement³

What are the strengths and limitations of Currenxie and PayU?

Currenxie and PayU 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.⁴²

Limitations:

Not authorised by the RBI as a payment aggregator, including PA-CB, as of the list dated 16 October 2026.⁹
No accounts for sole traders or personal use, so individual freelancers cannot sign up.¹
No FIRA, FIRC or purpose code process is published.⁴¹¹⁰
INR cannot be held in the Global Account; INR is a payout currency only.⁴²
Currenxie may hold, reject or return incoming payments at its discretion under its compliance policies.¹⁰

What are the strengths and limitations of PayU?

Strengths:

Your foreign clients prefer to pay by international card or PayPal on a checkout page and you want INR settlement.³
You want a provider listed by the RBI as a cross-border payment aggregator for inward transactions.¹¹
You already use PayU for domestic payments and want international payments enabled on the same integration.⁸

Limitations:

No bank transfer collection route (local account details for foreign clients) is published; the international product is card and wallet based.³⁸
The exchange margin on conversion to INR is not published.⁶
International payments must be enabled through a Key Account Manager, and the FIRC is also requested through the account manager.⁸⁶
PA-CB export transactions are limited to ₹25 lakh each under RBI rules.¹²
Priority settlement fees and the conditions behind the Standard Plan's terms and conditions note are not published.⁵

Should you choose Currenxie or PayU?

Choose between Currenxie and PayU 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.⁴²

Choose PayU if:

Your foreign clients prefer to pay by international card or PayPal on a checkout page and you want INR settlement.³
You want a provider listed by the RBI as a cross-border payment aggregator for inward transactions.¹¹
You already use PayU for domestic payments and want international payments enabled on the same integration.⁸

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.⁴³⁶

Which other platforms should you consider besides Currenxie and PayU?

Other platforms to consider besides Currenxie and PayU are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.¹⁴¹⁵¹⁶¹⁷¹⁸¹⁹²¹²²²⁴²⁵²⁷²⁹³⁰³¹

Platform	Best for	Estimated cost on USD 5,000	FIRA	Review
Skydo	Local bank transfers from major markets¹³	0.68%¹⁴¹⁵¹⁶¹⁷¹⁸¹⁹	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.¹⁸²⁰	Skydo review
Karbon Business	US bank transfers and marketplace payouts²¹	1.00 to 1.18%²¹²²	Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.²¹	Karbon Business review
Razorpay	Local transfers from the US, UK and eurozone²³	1.00 to 1.18%²⁴²⁵	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.²³²⁶²⁵	Razorpay review
Winvesta	Local transfers with a published per-payment fee²⁷²⁸	1.24%²⁷²⁹³⁰³¹	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.³⁰²⁹	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.

Frequently asked questions

Which is cheaper for Indian exporters, Currenxie or PayU?+

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.⁴³⁶ 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 PayU 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. PayU: PayU says it provides a FIRC on request through the merchant's Key Account Manager. The cost is not published.⁶

Can individual freelancers use Currenxie and PayU?+

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 PayU: PayU's account activation checklist covers individuals, sole proprietorships, partnerships, LLPs, private and public limited companies and other entity types. International payments must be enabled separately through a PayU Key Account Manager; PayU does not publish which entity types are eligible for them.⁷⁸

Are Currenxie and PayU 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.⁹¹⁰ PayU: The RBI lists PayU Payments Private Limited as a Payment Aggregator (online and physical) and as PA-CB I & O, a cross-border payment aggregator facilitating inward and outward transactions, in its list dated 16 October 2026.¹¹

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

Currenxie: Not published for payments to India.⁴ PayU: Typically T+2 business days for international payments.³⁶

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

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, PayU or a bank wire.³³

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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