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

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Editorial team, serviceexportguide.com
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Short answer

Neither Currenxie nor Revolut 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 Revolut is best for personal spending, not export receipts.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
Revolut is best forRevolutPersonal spending, not export receipts.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 Revolut compare at a glance?

Currenxie and Revolut 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.56

CurrenxieRevolut
Best forCompanies registered outside India12Personal spending, not export receipts34
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.5Revolut says it does not charge fees for receiving a bank transfer into the INR account by UPI.6
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.5Not applicable to receiving: the India wallet holds INR only. No inward conversion rate is published.3
SettlementNot published for payments to India.Revolut says UPI transfers to the INR account are usually instant.6
FIRANot published. Currenxie's pricing, product and terms pages do not mention a FIRA, FIRC or e-BRC.Not published. Revolut's India pages do not mention a FIRA or FIRC.
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.25INR only for the India wallet. Revolut's India terms say PPIs can only be used for payments in Indian rupees.36
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.1Individuals, for personal use. Revolut's India terms say you cannot use a Revolut Account for business purposes. Revolut Business requires a company registered in the UK, the EEA or the US; India is listed only as a country where an applicant for such a company may reside.37
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.89Revolut Payments India Private Limited is listed by the RBI as a prepaid payment instrument (PPI) issuer, authorised on 4 April 2025. It does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026.83
SupportHelp Centre and contact form on the website; Currenxie describes personal client support. No India-specific support is published.1Revolut India publishes 24/7 in-app chat, support-india@revolut.com and a phone number.3
LimitsNot published.Up to 25 inbound UPI transfers or INR 4,00,000 a day, whichever comes first, and a total INR balance of no more than INR 2,00,000 at any time.6
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.15Revolut India says money can be received into the INR account by UPI only; NEFT, IMPS and RTGS are not supported. No route for a foreign client to pay a Revolut India account from abroad is published.63
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.Not available for receiving. Revolut India does not publish a way to accept card payments from clients.36

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

The INR you receive with Currenxie and Revolut 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.198

  • 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.89
  • 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 Revolut and who is it for?

Revolut in India is a personal app run by Revolut Payments India Private Limited, an RBI-authorised prepaid payment instrument issuer whose INR wallet cannot be used for business purposes.38

  • Regulated by: Revolut Payments India Private Limited is listed by the RBI as a prepaid payment instrument (PPI) issuer, authorised on 4 April 2025. It does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026.83
  • Used by: Individuals, for personal use. Revolut's India terms say you cannot use a Revolut Account for business purposes. Revolut Business requires a company registered in the UK, the EEA or the US; India is listed only as a country where an applicant for such a company may reside.37
  • Best for: Personal spending, not export receipts.34

How do Currenxie and Revolut fees and FX markup compare?

Currenxie and Revolut 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 Revolut charge?

  • Fees: Revolut says it does not charge fees for receiving a bank transfer into the INR account by UPI.6

How do Currenxie and Revolut compare on settlement speed?

Currenxie and Revolut 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
RevolutRevolut says UPI transfers to the INR account are usually instant.6Revolut says unloading the INR wallet is free on the Standard plan.4Personal spending, not export receipts34

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

Currenxie and Revolut 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.29

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.89Companies registered outside India12
RevolutNot published. Revolut's India pages do not mention a FIRA or FIRC.Revolut Payments India Private Limited is listed by the RBI as a prepaid payment instrument (PPI) issuer, authorised on 4 April 2025. It does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026.83Personal spending, not export receipts34

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

Currenxie and Revolut 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
RevolutINR only for the India wallet. Revolut's India terms say PPIs can only be used for payments in Indian rupees.36Revolut India says money can be received into the INR account by UPI only; NEFT, IMPS and RTGS are not supported. No route for a foreign client to pay a Revolut India account from abroad is published.63Not available for receiving. Revolut India does not publish a way to accept card payments from clients.36Personal spending, not export receipts34

What are the strengths and limitations of Currenxie and Revolut?

Currenxie and Revolut 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 2026.8
  • No accounts for sole traders or personal use, so individual freelancers cannot sign up.1
  • No FIRA, FIRC or purpose code process is published.519
  • 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.9

What are the strengths and limitations of Revolut?

Strengths:

  • You want a personal INR wallet and card for your own spending, separate from how you get paid for exports.34

Limitations:

  • Revolut's India terms prohibit using a Revolut Account for business purposes.3
  • The India wallet holds INR only and receives money by UPI only, so a foreign client cannot pay into it from abroad by any published route.36
  • Revolut Business is not available to companies registered in India.7
  • Revolut India is not an RBI-authorised PA-CB and its pages do not mention a FIRA, FIRC or purpose code.83

Should you choose Currenxie or Revolut?

Choose between Currenxie and Revolut 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 Revolut if:

  • You want a personal INR wallet and card for your own spending, separate from how you get paid for exports.34

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.53

Which other platforms should you consider besides Currenxie and Revolut?

Other platforms to consider besides Currenxie and Revolut are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.1112131415161819212224262728

PlatformBest forEstimated cost on USD 5,000FIRAReview
SkydoLocal bank transfers from major markets100.68%111213141516Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.1517Skydo review
Karbon BusinessUS bank transfers and marketplace payouts181.00 to 1.18%1819Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.18Karbon Business review
RazorpayLocal transfers from the US, UK and eurozone201.00 to 1.18%2122Razorpay 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.202322Razorpay review
WinvestaLocal transfers with a published per-payment fee24251.24%24262728Free 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.2726Winvesta 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]Revolut India, Personal terms, effective 19 November 2025, sections 1, 2, 4 and 20 (checked 2026-10-28)
  4. [4]Revolut India, Personal fees (Standard), from the week of 24 November 2025 (checked 2026-10-28)
  5. [5]Currenxie, Pricing (checked 2026-10-28)
  6. [6]Revolut India Help, How to transfer funds to Revolut (checked 2026-10-28)
  7. [7]Revolut Business Help, Eligible countries and territories for Revolut Business (checked 2026-10-28)
  8. [8]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
  9. [9]Currenxie, Global Account Terms and Conditions, Currenxie Ltd, Hong Kong (checked 2026-10-28)
  10. [10]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
  11. [11]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
  12. [12]Skydo, Home page (checked 2026-10-28)
  13. [13]Skydo FAQ, Who will bear the SWIFT charges? (checked 2026-10-28)
  14. [14]Skydo FAQ, Limitations and restrictions on receiving your foreign remittance via Skydo (checked 2026-10-28)
  15. [15]Skydo, Receive international payments in India as a freelancer (checked 2026-10-28)
  16. [16]Skydo, Terms of use (checked 2026-10-28)
  17. [17]Skydo FAQs, What is accepted for GST filings and banks between FIRA and FIRC? (checked 2026-10-28)
  18. [18]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
  19. [19]Karbon, PayPal alternative (checked 2026-10-28)
  20. [20]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
  21. [21]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
  22. [22]Razorpay, Pricing (checked 2026-10-28)
  23. [23]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
  24. [24]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
  25. [25]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
  26. [26]Winvesta, Multi-currency account (checked 2026-10-28)
  27. [27]Winvesta FAQ, When will I receive my e-FIRA certificate? (checked 2026-10-28)
  28. [28]Winvesta FAQ, Can I get priority processing for my withdrawal? (checked 2026-10-28)
  29. [29]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
  30. [30]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)

Frequently asked questions

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

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.53 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 Revolut 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. Revolut: Not published. Revolut's India pages do not mention a FIRA or FIRC.

Can individual freelancers use Currenxie and Revolut?+

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 Revolut: Individuals, for personal use. Revolut's India terms say you cannot use a Revolut Account for business purposes. Revolut Business requires a company registered in the UK, the EEA or the US; India is listed only as a country where an applicant for such a company may reside.37

Are Currenxie and Revolut 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.89 Revolut: Revolut Payments India Private Limited is listed by the RBI as a prepaid payment instrument (PPI) issuer, authorised on 4 April 2025. It does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026.83

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

Currenxie: Not published for payments to India.5 Revolut: Revolut says UPI transfers to the INR account are usually instant.6

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

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, Revolut or a bank wire.30

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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