What Are the Best Remitly Alternatives for Indian Exporters and Freelancers in 2026?

Why do Indian exporters look for Remitly alternatives?

Indian exporters look for Remitly alternatives when Remitly's published terms do not fit how their clients pay or how much they invoice. These are Remitly's own published terms:

• 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.¹²⁵¹²⁶
• FX markup: 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.¹²⁷¹²⁶
• FIRA: Not published. Remitly's pages do not mention a FIRA or FIRC for the Indian recipient.¹²³¹²⁵
• Limits: Not published as amounts. Remitly says limits vary by country, delivery method and verification, and are shown when the sender starts a transfer.¹⁶⁰¹²²
• Card payments: The sender can fund a transfer with a debit or credit card; the Indian recipient cannot accept card payments through Remitly.¹²³¹²⁷

Remitly's own pages also state these limitations:

• An Indian freelancer or company cannot open an account to receive or invoice through Remitly; the client must be the Remitly customer.^127122123
• Remitly Business is offered to businesses in the US and Canada only, and Remitly's personal terms prohibit sending for business purposes.^122127124
• 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.^9123125

If none of these affect you, Remitly may still be the simplest choice.

What are the best Remitly alternatives compared side by side?

The best Remitly alternatives are compared below on the same published criteria. Rows are ordered by estimated cost on a USD 5,000 receipt, cheapest first, using the midpoint where a provider publishes a range; providers without full pricing follow, A to Z, and Remitly is the last row as the baseline.^2313013145

How much INR do you receive on $2,000, $5,000 and $10,000 with each alternative?

The INR you receive with each Remitly alternative is the invoice at the reference rate, less the provider's fee, conversion markup, GST on fees and FIRA charge. The table works this out from published pricing at today's rate.

For example, on a USD 5,000 receipt the lowest estimated cost (Skydo, about 0.68%) and the highest (PayPal, about 7.27 to 8.23%) are about USD 353 apart on that one invoice.^{23130131454244}

What does each Remitly alternative offer?

Each Remitly alternative is described below in the same order and with the same fields, taken from the provider's own pages.

Is Skydo a good Remitly alternative?

Skydo is a Bengaluru-based payment aggregator, listed by the RBI as a PA-CB for inward and outward transactions, that gives Indian exporters local and SWIFT account details abroad and pays out in INR to their Indian bank.⁹⁵¹

Key features:

• How clients pay: Bank transfer to Skydo local account details in seven markets, or to an international SWIFT account for other currencies and countries; Skydo also offers payment links (InstaLinks) with ACH Debit.^11281295
• Currencies: Local accounts in USD, GBP, AED, CAD, EUR, AUD and SGD; Skydo says its SWIFT account supports 32 currencies, listed only in an image.¹⁸
• Payout to India: Converted to INR and credited to the user's Indian bank account; Skydo says there is no additional SWIFT fee for the transfer to India apart from its own fee.¹³⁰⁴
• Card payments: Not published. Skydo publishes InstaLinks fees for ACH Debit only (2% per transaction, minimum $9) and no card fee.¹²⁹

Strengths:

• Your clients are in the US, UK, UAE, Canada, Europe, Australia or Singapore and can pay by local bank transfer in their own currency.¹
• Your invoices are large enough that a flat USD 19 or USD 29 fee is a small share of the amount; Skydo itself says invoices under $1,000 carry a higher effective rate.²⁴
• You want a FIRA issued for each payment by an RBI-authorised PA-CB.⁴⁹

Limitations:

• Payments below USD 50 cannot be processed, and the flat fee weighs more on small invoices.¹³¹⁴

• Skydo says it does not accept payments from 15 countries, but lists them only in an image.¹³²

• No card payment option or card fee is published.¹²⁹

• Skydo's pages give different settlement times (within 24 hours on its product page, T+1 to T+3 business days in its terms) and describe its FX rate differently (0% markup on its product page, a retail rate set by Skydo or its partner banks in its terms).⁴⁵

• Skydo's terms limit the service to business and commercial payments, so it does not cover personal remittances.⁵

• Best for: Local bank transfers from major markets.¹

• Speed: Skydo's product page says funds settle to the Indian bank within 24 hours. Its terms commit to commercially reasonable efforts to credit within T+1 to T+3 business days, depending on currency and corridor. ACH Debit via InstaLinks typically settles within 6 business days.⁴⁵⁶

• FIRA: 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.⁴⁷

• Cost: about 0.68% of a USD 5,000 receipt on published fees.^2313013145

Read the Skydo review or compare Remitly vs Skydo.

Is Karbon Business a good Remitly alternative?

Karbon Business is a Bengaluru fintech that markets a virtual USD account, payment requests and inward remittances in INR to Indian freelancers and exporters; its forex terms say export receipts are processed under a payment partner's connected user terms.¹⁰¹³

Key features:

• How clients pay: Bank transfer to a virtual USD account (US account details in the user's name), payment requests or invoices sent by email or WhatsApp, and as a payout method on Upwork, Fiverr and Toptal.¹⁰
• Currencies: Karbon names USD, EUR and GBP; the virtual account it describes is in USD.¹⁰
• Payout to India: Paid in INR to the user's Indian bank account. Payout fee not published.¹⁰¹¹
• Card payments: Not published.¹⁰

Strengths:

• Your clients can pay by US bank transfer to a USD account, or you are paid out by Upwork, Fiverr or Toptal.¹⁰
• You want INR in your Indian bank and a FIRA for each receipt.¹⁰

Limitations:

• No receiving fee, payout fee or FIRA cost is published.¹⁰¹²

• Karbon itself is not an RBI-authorised payment aggregator; export receipts run through a third party under separate terms.¹⁴¹³

• The forex terms address incorporated users, while marketing pages address freelancers; eligibility for unregistered individuals is not published.¹³¹⁰

• Purpose code handling and card payment options are not published.¹⁰

• Best for: US bank transfers and marketplace payouts.¹⁰

• Speed: Karbon says international payments reach India within 24 to 48 hours.¹⁰

• FIRA: Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.¹⁰

• Cost: about 1.00 to 1.18% of a USD 5,000 receipt on published fees.¹⁰¹¹

Read the Karbon Business review or compare Remitly vs Karbon Business.

Is Razorpay a good Remitly alternative?

Razorpay is a Bengaluru-based payment company whose international products let Indian businesses accept foreign card payments and receive bank transfers into virtual USD, GBP, EUR and SWIFT account details (the MoneySaver Export Account), with settlement in INR to an Indian bank account.¹⁸¹⁵⁹

Key features:

• How clients pay: Bank transfer to virtual account details (ACH in USD, FPS in GBP, SEPA in EUR, and SWIFT), ACH debit through Flash Links for US payers, or international card and wallet payments through Razorpay checkout or payment links.¹⁵²⁰¹⁸
• Currencies: Virtual local accounts in USD, GBP and EUR plus a SWIFT account; Razorpay's docs list other currencies (such as SGD, AED, AUD, CHF, DKK, SEK and CAD accounts) as coming soon on the dashboard. Card payments are accepted in around 135 currencies, according to Razorpay.¹⁵¹⁸
• Payout to India: Automatic settlement in INR to the Indian bank account after Razorpay deducts its charges. Funds cannot be held in the foreign currency accounts. Razorpay also says it supports non-INR settlement to an EEFC account. No separate withdrawal fee is published.¹⁵
• Card payments: Yes, international cards (Visa, Mastercard, Amex, Diners, Discover, JCB, UnionPay listed on the pricing page) and wallets such as Apple Pay and Google Pay, at up to 3% per successful transaction plus 18% GST.¹⁷¹⁸

Strengths:

• You want clients in the US, UK or eurozone to pay by local bank transfer (ACH, FPS or SEPA) and receive INR in your Indian bank account the next business day after invoice details are shared.¹⁵
• You want to offer international card or wallet checkout on your own website alongside bank transfers, from one dashboard.¹⁸¹³³
• You are paid through Upwork, Deel, Toptal, Freelancer, Fiverr or Amazon and want those payouts to land in a virtual account; Razorpay says invoice upload is not required for Amazon, Upwork and Freelancer transactions.¹⁵¹³⁴

Limitations:

• Every MoneySaver payment needs an invoice and buyer address uploaded before Razorpay settles it, except Amazon, Upwork and Freelancer platform transactions.¹⁵¹³⁴

• Transactions below ₹1,00,000 attract a flat fee of ₹1,000 instead of the 1% fee.¹⁶

• Funds cannot be held in the foreign currency accounts; they are converted and settled.¹⁵

• Refunds are not supported on push bank transfers, and ACH debit (Flash Links) payments can be reversed by the payer through a chargeback.¹⁵²⁰

• International card acceptance needs a website with policy pages and approval by Razorpay's banking partners, and the conversion markup on card payments is not published.¹³³¹⁹

• Only the purpose codes on Razorpay's list can use the MoneySaver account; P0807 is not on that list.¹⁵

• Best for: Local transfers from the US, UK and eurozone.¹⁵

• Speed: Push bank transfers (ACH, FPS, SEPA, SWIFT): T+1 from capture or from when invoice details are shared, whichever is later. Flash Links (ACH debit): around T+5 business days. International cards: Razorpay's FAQ refers to a T+7 working day settlement period, with early settlement at an additional, unpublished charge.^15201621

• FIRA: 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.¹⁵²²¹⁷

• Cost: about 1.00 to 1.18% of a USD 5,000 receipt on published fees.¹⁶¹⁷

Read the Razorpay review or compare Remitly vs Razorpay.

Is Winvesta a good Remitly alternative?

Winvesta is a Mumbai-based company whose Global Collections Account gives Indian businesses and freelancers local USD, EUR, GBP and CAD account details, with withdrawal to INR and a free e-FIRA.²⁵³¹³⁰

Key features:

• How clients pay: Local bank transfer to account details in USD (ACH, Fedwire, RTP), EUR, GBP and CAD; SWIFT for other currencies; and card payments through payment links.^241353129
• Currencies: Local account details in USD, EUR, GBP and CAD, plus SWIFT details for 30+ other currencies. Winvesta's pages give different totals (30+, 33 and 37+ currencies).²⁴³¹²³
• Payout to India: The user withdraws to an Indian bank account in INR after providing an invoice for the receipt. Priority withdrawal is available on request, typically for a $15 to $25 additional fee on USD.^31136137
• Card payments: Yes, through payment links. The card fee (MDR) is not published; Winvesta's FAQ uses 3% only as an example, with GST charged on the MDR.²⁹¹³⁸

Strengths:

• Your clients pay by local transfer in USD, EUR, GBP or CAD and you want a published per-transaction fee.²⁴²³
• You are a freelancer without a registered business who has a PAN and Aadhaar.¹³⁹
• You want an e-FIRA showing the purpose code for each receipt at no charge.³⁰

Limitations:

• Winvesta is not on the RBI's list of authorised payment aggregators and does not name its banking partner on its pages.¹⁴³²

• Each withdrawal needs an invoice with the purpose code and other mandatory fields.¹³⁶

• The fixed fee per transaction ($3 on USD) weighs more on small receipts.²³

• Card collection fees are not published.¹³⁸²⁹

• Winvesta's own pages disagree on the number of currencies, the maximum holding period and card settlement time.^31231402829

• Best for: Local transfers with a published per-payment fee.²³²⁴

• Speed: USD withdrawals reach the bank 1 business day after processing, EUR and GBP 2 business days, with a 1:00 PM IST cut-off. Card collections settle T+1 working day per the FAQ and T+2 days per the payment links page.²⁷²⁸²⁹

• FIRA: 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.³⁰²⁵

• Cost: about 1.24% of a USD 5,000 receipt on published fees.^232530137

Read the Winvesta review or compare Remitly vs Winvesta.

Is Payoneer a good Remitly alternative?

Payoneer is a US-headquartered cross-border payments company whose account gives Indian freelancers and businesses receiving account details in several currencies, accepts marketplace payouts and client payment requests, and automatically withdraws received funds to an Indian bank account in rupees.³⁵³⁴

Key features:

• How clients pay: Local bank transfer to Payoneer receiving account details; USD SWIFT wire to a Payoneer SWIFT receiving account; payment request paid by credit card, ACH bank debit (US only), local bank transfer or direct bank payment (UK only); marketplace payouts (for example Amazon, eBay, Fiverr, Upwork); transfer from another Payoneer customer.³⁴³⁶
• Currencies: Local receiving account details in US dollar, British pound, euro, Australian dollar, Canadian dollar, Singapore dollar, Hong Kong dollar, UAE dirham, Chinese yuan and Japanese yen, per Payoneer's India multi-currency account page.³⁵
• Payout to India: Automatic: payments received are withdrawn to the linked Indian bank account (or EEFC account, per the multi-currency page) without a manual request. Fee: 1% to 4% of the amount when converted to INR (see fxConversion).³⁶³⁵³⁴
• Card payments: Yes, through a payment request: 2.90% + $0.49 for credit card payments (all currencies), per Payoneer's pricing page.³⁶³⁴

Strengths:

• You are paid by marketplaces or platforms that pay out to Payoneer, such as Amazon, eBay, Fiverr or Upwork.³⁴
• Your clients want to pay by local bank transfer in USD, EUR, GBP or another supported currency using receiving account details.³⁵
• Some clients want to pay by credit card and you accept a 2.90% + $0.49 card fee on those payments.³⁶
• You want a free FIRA for every transaction delivered to your account without a request.³⁷

Limitations:

• The INR conversion fee is published only as a 1% to 4% range; the exact rate is shown inside the account.³⁶

• A 29.95 USD annual account fee applies if you receive less than 6,000 USD (or equivalent) in any 12 consecutive months.³⁶

• Funds cannot be held in the Payoneer balance by Indian customers; payments are withdrawn to the Indian bank automatically.³⁶³⁵

• Payoneer India's PA-CB application had in-principle authorisation only as of 16 October 2026; RBI lists it as unable to operate as a PA-CB until authorised.³³

• The purpose code on processed payments and issued FIRAs cannot be changed through Payoneer.³⁷

• The FIRA from Payoneer is not an e-FIRA; for EDPMS reporting the exporter's own bank issues the IRM and e-FIRA.³⁷

• Best for: Marketplace payouts such as Amazon or Upwork.³⁴

• Speed: Payoneer's pages differ: the India pricing page says within 48 hours of receipt; the multi-currency account page and the India onboarding guide say within 24 hours.³⁶³⁵³⁴

• FIRA: Free digital FIRA PDF for each transaction, issued by Payoneer's partner AD bank and available in the account under Manage, Reports and statements, within 24 to 72 hours (the same help article also says 1 to 3 business days). The e-FIRA/IRM in EDPMS is issued by the exporter's own bank, which may need the FIRA plus export documents.³⁷³⁸

• Cost: about 1.00 to 4.00% of a USD 5,000 receipt on published fees.³⁶³⁵³⁷

Read the Payoneer review or compare Remitly vs Payoneer.

Is PayPal a good Remitly alternative?

PayPal is a payment services company whose India entity, PayPal Payments Private Limited, lets Indian residents receive payments from buyers outside India and transfers the balance to a linked Indian bank account.⁴¹⁴²

Key features:

• How clients pay: The buyer pays through PayPal from a PayPal balance, card, bank account or other payment method; alternative payment methods listed in PayPal's APM agreement can be enabled and are charged at commercial transaction rates. Payments from Indian customers are not supported.⁴¹⁴²⁴⁵
• Currencies: PayPal says Indian users can receive payments from international customers in more than 25 currencies. The list below is the currencies other than INR that appear in the fixed-fee table on PayPal's India fee page.⁴⁵⁴²
• Payout to India: PayPal transfers the balance automatically every day to the linked Indian bank account. Standard withdrawal to a bank account: no fee when no currency conversion is involved. A failed withdrawal because of incorrect bank details carries a bank return fee of 250.00 (currency not stated on the page).⁴³⁴²
• Card payments: Buyers can pay by credit or debit card through PayPal. The India fee page publishes one rate for receiving international commercial transactions (4.40% plus fixed fee) and does not list a separate card rate.⁴¹⁴²

Strengths:

• Your foreign client wants to pay by card or from a PayPal balance rather than by bank transfer.⁴¹
• Individual invoices are at or below USD 10,000, the per-transaction ceiling in PayPal's India user agreement.⁴¹
• You want an export document without a per-payment fee: PayPal provides a free weekly digital FIRA.⁴⁴

Limitations:

• The receiving fee is 4.40% plus a fixed fee per international commercial payment, before any currency conversion fee.⁴²

• The fee page lists both 3.0% and 4.00% conversion fees and does not state which one applies to conversion to INR on withdrawal.⁴²

• Payments from Indian customers are not supported; only international payments can be received.⁴⁵

• Export Payment Services cannot be used for a product or service worth more than USD 10,000 per transaction.⁴¹

• Dispute and chargeback fees apply, for example 8.00 USD at the standard rate and 16.00 USD at the high-volume rate, and receiving fees are not returned on refunds.⁴²

• As of 16 October 2026 RBI lists PayPal Payments Private Limited with in-principle (not final) authorisation as a cross-border payment aggregator.⁴⁶⁹

• Best for: Clients paying by card or PayPal balance.⁴¹

• Speed: PayPal asks users to allow up to 5 business days for funds to show in the bank account, depending on the bank's clearing process.⁴³

• FIRA: Free weekly digital FIRA (Foreign Inward Remittance Advise) from February 2026, downloadable under Reports, then Tax, in a business account for the last 12 months; earlier transactions are covered by monthly FIRAs. Custom FIRA: 100 INR plus 18% GST per transaction for up to 20 transactions, or 2,000 INR plus 18% GST for a bulk request above 20 transactions; PayPal says custom FIRAs are issued by Citibank.⁴⁴

• Cost: about 7.27 to 8.23% of a USD 5,000 receipt on published fees.⁴²⁴⁴

Read the PayPal review or compare Remitly vs PayPal.

Is Adyen a good Remitly alternative?

Adyen is a payments platform for enterprises; in India it is authorised by the RBI as an online payment aggregator and as a cross-border aggregator for outward (import) transactions, and it publishes no product for Indian exporters collecting from foreign customers.⁴⁹¹⁴⁵⁰

Key features:

• How clients pay: Not published for Indian exporters. For local processing in India Adyen lists cards (Visa, Mastercard, RuPay), UPI, online banking and wallets.⁴⁷⁴⁸
• Currencies: Not published for Indian exporters.⁴⁹¹⁴¹
• Payout to India: Not published.¹⁴¹
• Card payments: Not published for foreign customers paying Indian businesses. Adyen's India compliance guide says its India rules apply to local acquiring and do not apply to cross-border payments.⁴⁸

Strengths:

• You are a large business with an Indian entity that needs domestic card, UPI and online banking acceptance in India on one platform.⁴⁷⁴⁸
• You are a foreign merchant selling to Indian buyers through Adyen's cross-border import product.⁵⁰

Limitations:

• Adyen's RBI cross-border authorisation is for outward (import) transactions, not inward export receipts.¹⁴⁵⁰

• Adyen publishes no product, fee, FIRA or purpose code process for Indian service exporters collecting from foreign customers.^4914148

• Pricing shown is global and indicative, and a minimum invoice may apply depending on industry or business model.¹⁴¹

• Adyen positions itself for enterprises; eligibility for freelancers or small agencies is not published.⁴⁹

• Best for: Large businesses with an Indian entity.⁴⁷⁴⁸

• Speed: Not published.¹⁴¹

• FIRA: Not published.⁵⁰⁴⁸

• Cost: Not published for Indian exporters. Adyen's global pricing page shows indicative fees: $0.13 per transaction plus Interchange++ plus 0.60% for Visa and Mastercard, and $0.13 plus 3.95% for American Express.¹⁴¹

Read the Adyen review or compare Remitly vs Adyen.

Is Airwallex a good Remitly alternative?

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.⁵⁷⁵⁴

Key features:

• 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.⁵²¹⁴²
• Currencies: Airwallex says Global Accounts collect in 20+ currencies. The list available to an India-registered business is not published.⁵⁴⁵²
• Payout to India: 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.⁵⁵⁵³
• 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.⁵³¹⁴²

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.⁵¹⁵²
• You also pay overseas suppliers or contractors and want one account for collections and payouts in several currencies.⁵⁴⁵³
• You are comfortable requesting an FIRC from support for each transaction rather than receiving one automatically.⁵⁶

Limitations:

• Airwallex does not appear under the name Airwallex in RBI's list of authorised payment aggregators, including PA-CB, as on 16 October 2026.¹⁴³³

• There is no India pricing page; India-registered businesses are onboarded by the Singapore entity, whose fee schedule does not mention India.⁵⁷⁵³

• The India document list requires a GST Registration Certificate for proprietorships and partnerships, and lists no route for unregistered individual freelancers.⁵¹

• The FIRC is issued on request through support, and its fee is set by a banking partner and not published.⁵⁶

• Purpose code handling for receipts into India is not published.¹⁴³

• SWIFT payouts cost $20 (SHA) or $35 (OUR) under the Singapore fee schedule.⁵³

• Best for: Registered businesses paid by bank transfer.⁵¹⁵²

• Speed: 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.⁵⁵

• 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.⁵⁶

• Cost: 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.⁵³

Read the Airwallex review or compare Remitly vs Airwallex.

Is Cashfree Payments a good Remitly alternative?

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.⁶⁵⁵⁸⁵⁹

Key features:

• How clients pay: Global 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.^5963144
• Currencies: Global 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.⁵⁹⁶²⁶³
• Payout to India: Automatic. 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.⁵⁸⁶¹
• Card payments: 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.⁶⁰⁶²

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.⁵⁸⁵⁹
• Your invoices are each up to USD 10,000.⁶⁴
• You also want a card checkout for international clients, with a published platform fee.⁶⁰⁶³

Limitations:

• Global Collections pricing is not published; Cashfree quotes it on request.⁶⁰

• Cross-border payments are available only to businesses, so individuals without a registered business cannot use Global Collections per Cashfree.⁶⁰⁵⁸

• Invoice value is capped at USD 10,000 per transaction for Global Collections.⁶⁴

• Foreign currency balances cannot be held; all receipts settle in INR.⁶¹

• Best for: Registered businesses paid by local transfer.⁵⁸⁵⁹

• Speed: 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.⁶¹⁶³

• FIRA: 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.^61626463

• Cost: Global 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.⁶⁰⁶¹

Read the Cashfree Payments review or compare Remitly vs Cashfree Payments.

Is Currenxie a good Remitly alternative?

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.⁶⁶⁶⁹⁹

Key features:

• 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.⁶⁶⁶⁸
• 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.⁶⁷⁶⁸
• Payout 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.⁶⁸⁶⁷
• 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.⁶⁶⁶⁸

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.⁶⁶⁶⁷
• Your business needs to pay suppliers or staff in India in INR from a foreign multi-currency account.⁶⁸⁶⁷

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.⁶⁶

• No FIRA, FIRC or purpose code process is published.⁶⁸⁶⁶⁶⁹

• INR cannot be held in the Global Account; INR is a payout currency only.⁶⁸⁶⁷

• Currenxie may hold, reject or return incoming payments at its discretion under its compliance policies.⁶⁹

• Best for: Companies registered outside India.⁶⁶⁶⁷

• Speed: Not published for payments to India.⁶⁸

• FIRA: Not published. Currenxie's pricing, product and terms pages do not mention a FIRA, FIRC or e-BRC.⁶⁸⁶⁶⁶⁹

• Cost: 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.⁶⁸

Read the Currenxie review or compare Remitly vs Currenxie.

Is Dodo Payments a good Remitly alternative?

Dodo Payments is a merchant of record: it resells a business's digital product to buyers as the legal seller, handles customer-side sales tax and chargebacks, and pays the business a supplier fee in USD, GBP or EUR.⁷⁰⁷¹⁷³

Key features:

• How clients pay: Buyers pay Dodo at its checkout or through Dodo invoicing: cards, Apple Pay, Google Pay and other wallets, BNPL, PayPal, ACH and SEPA direct debit, and in India UPI and Indian cards. The business may not invoice buyers itself.⁷²⁷⁰
• Currencies: Dodo says buyers can pay in 80+ currencies through Adaptive Currency. Payout balances are held in USD, GBP and EUR wallets; INR payouts have been discontinued.⁷²⁷³
• Payout to India: Dodo pays out from USD, GBP or EUR wallets on a schedule (bi-monthly by default) once the balance reaches the threshold ($100 default, $50 minimum). Payout fee is $5 for payouts below $1,000 under standard pricing; USD SWIFT payouts for non-US businesses cost $25. Correspondent and receiving bank charges may also be deducted. Dodo's pricing table separately lists regular payouts as free.⁷³⁷²
• Card payments: Yes. Buyers pay by card at Dodo's checkout; the fee is 4% + 40c, plus 1.5% for cards issued outside the US.⁷²

Strengths:

• You sell software, SaaS subscriptions or digital products to buyers in many countries and want another company to be the legal seller and handle sales tax, VAT and chargebacks.⁷¹⁷⁰
• You are an individual without a registered business and hold a PAN.⁷⁴
• You are comfortable receiving payouts in USD, GBP or EUR on a fixed cycle rather than per payment.⁷³

Limitations:

• Not listed by the RBI as an authorised payment aggregator; Dodo does not publish an RBI authorisation.¹⁴⁷⁰

• INR payouts have been discontinued; payouts go from USD, GBP or EUR wallets and any conversion happens at your bank.⁷³

• Does not support physical goods or e-commerce websites, and the business may not invoice buyers itself.⁷⁴⁷⁰

• FIRA availability is described only in a blog post and is on request; purpose code handling is not published.⁷⁵⁷³

• Dodo's own pages disagree on payout fees (free in the pricing table, $5 below $1,000 in the FAQ and documentation) and on payout timing.^72737470

• Dodo cannot file the Export Declaration Form for the business.⁷⁵

• Best for: Software and digital product sellers.⁷⁰⁷¹

• Speed: Dodo's FAQ says funds typically reach the bank 1 to 2 business days after a payout is initiated, and elsewhere 1 to 5 business days. Its Master Service Agreement says the supplier fee is paid on or before the 20th of the following month.⁷⁴⁷⁰

• FIRA: Dodo's blog says a FIRA is available on request to support@dodopayments.com and that Dodo routes payouts through its payment partner and shares the FIRA once generated. Its documentation and terms do not mention FIRA. Cost not published.⁷⁵⁷³

• Cost: 4% + 40c per transaction for US cards and wallets, +1.5% for cards and payment methods outside the US, 4% + 15c for Indian cards and UPI (plus international fees where applicable), +0.5% for subscriptions, 1.5% capped at $15 or EUR 15 for ACH or SEPA direct debit.⁷²

Read the Dodo Payments review or compare Remitly vs Dodo Payments.

Is PayU a good Remitly alternative?

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.¹⁴⁷⁶

Key features:

• How clients pay: 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.⁷⁶¹⁴⁵
• Currencies: PayU says it accepts payments in 135+ currencies and can show local prices in 27 currencies.⁷⁶⁷⁸
• Payout to India: 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.^7614577
• Card payments: Yes. International card transactions fall under PayU's 3% Standard Plan slab, GST extra.⁷⁷

Strengths:

• Your foreign clients prefer to pay by international card or PayPal on a checkout page and you want INR settlement.⁷⁶
• You want a provider listed by the RBI as a cross-border payment aggregator for inward transactions.¹⁴
• You already use PayU for domestic payments and want international payments enabled on the same integration.¹⁴⁵

Limitations:

• No bank transfer collection route (local account details for foreign clients) is published; the international product is card and wallet based.⁷⁶¹⁴⁵

• The exchange margin on conversion to INR is not published.⁷⁸

• International payments must be enabled through a Key Account Manager, and the FIRC is also requested through the account manager.¹⁴⁵⁷⁸

• PA-CB export transactions are limited to ₹25 lakh each under RBI rules.⁸⁹

• Priority settlement fees and the conditions behind the Standard Plan's terms and conditions note are not published.⁷⁷

• Best for: Card or PayPal checkout with INR settlement.⁷⁶

• Speed: Typically T+2 business days for international payments.⁷⁶⁷⁸

• FIRA: PayU says it provides a FIRC on request through the merchant's Key Account Manager. The cost is not published.⁷⁸

• Cost: 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.⁷⁷

Read the PayU review or compare Remitly vs PayU.

Is PingPong a good Remitly alternative?

PingPong is a cross-border payments company founded in New York in 2015 that gives Indian sellers, freelancers and service providers virtual receiving accounts in foreign currencies and withdraws the money to an Indian bank account.⁸⁷⁷⁹

Key features:

• How clients pay: Payment into a virtual receiving account from marketplaces, payment processors such as PayPal and Stripe, or a client's wire transfer (PingPong may ask for the invoice or contract); or through a PingPong payment request (e-invoice) paid by bank transfer or PingPong balance.^7980146147
• Currencies: PingPong India lists virtual accounts in 12 currencies. Its freelancer page lists a shorter set of six receiving currencies.⁷⁹⁸⁰
• Payout to India: Withdrawal to your own Indian bank account, manually or by auto withdraw, in INR or in foreign currency to an EEFC account. PingPong's help centre says withdrawals are charged 1% per transaction and that the fee standard may vary by region.⁷⁹⁸³⁸¹
• Card payments: PingPong's India home page says payment requests accept bank transfers and US debit card payments; its help centre lists only bank transfer and PingPong balance for paying an e-invoice. Card fee: Not published.⁷⁹¹⁴⁷

Strengths:

• You are paid through marketplaces, app stores or processors such as PayPal and Stripe and want a receiving account that collects those payouts.⁷⁹⁸⁰
• You want to keep receipts in foreign currency through an EEFC account rather than convert every payment to INR.⁷⁹
• You want a free digital FIRC from the dashboard for each receipt.⁷⁹⁸⁵

Limitations:

• PingPong does not appear among PA-CB entities in the RBI list of Certificates of Authorisation dated 16 October 2026, and its India authorisation status under the PA-CB rules is not published on the pages checked.¹⁴⁸⁶

• The FX rate is set by PingPong at its discretion and no markup percentage is published.⁸⁸

• The 1% withdrawal fee is published in a help article that says the fee may vary by region and to check with customer service or an account manager.⁸¹

• Eligible receipts are capped at ₹25,00,000 per transaction.⁸⁸

• The contracting entity for India is PingPong Global Solutions Inc., a New York corporation, with California law and courts.⁸⁸

• Best for: Collecting marketplace and processor payouts.⁷⁹⁸⁰

• Speed: PingPong says INR withdrawals submitted before 2:30 pm succeed the same day (T+0) and after 2:30 pm the next day (T+1); non-INR withdrawals succeed within 1 to 3 days. Its freelancer page says 1 to 2 working days to an Indian account.⁸³⁸⁰

• FIRA: PingPong says it provides a digital FIRC free of cost. You apply in the dashboard against the relevant transactions and PingPong says the application takes 3 to 5 business days.⁷⁹⁸⁴⁸⁵

• Cost: PingPong says creating an account and receiving payments is free of charge, and that most virtual accounts are free to use.⁸¹⁸²

Read the PingPong review or compare Remitly vs PingPong.

Is Revolut a good Remitly alternative?

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.⁹⁰⁹

Key features:

• How clients pay: Revolut 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.⁹²⁹⁰
• Currencies: INR only for the India wallet. Revolut's India terms say PPIs can only be used for payments in Indian rupees.⁹⁰⁹²
• Payout to India: Revolut says unloading the INR wallet is free on the Standard plan.⁹¹
• Card payments: Not available for receiving. Revolut India does not publish a way to accept card payments from clients.⁹⁰⁹²

Strengths:

• You want a personal INR wallet and card for your own spending, separate from how you get paid for exports.⁹⁰⁹¹

Limitations:

• Revolut's India terms prohibit using a Revolut Account for business purposes.⁹⁰

• 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.⁹⁰⁹²

• Revolut Business is not available to companies registered in India.¹⁴⁸

• Revolut India is not an RBI-authorised PA-CB and its pages do not mention a FIRA, FIRC or purpose code.⁹⁹⁰

• Best for: Personal spending, not export receipts.⁹⁰⁹¹

• Speed: Revolut says UPI transfers to the INR account are usually instant.⁹²

• FIRA: Not published. Revolut's India pages do not mention a FIRA or FIRC.⁹⁰⁹²

• Cost: Revolut says it does not charge fees for receiving a bank transfer into the INR account by UPI.⁹²

Read the Revolut review or compare Remitly vs Revolut.

Is Stripe a good Remitly alternative?

Stripe is a US-headquartered online payments company whose India accounts, available by invite only, let registered Indian businesses accept card and wallet payments from customers abroad and receive payouts in INR.⁹³⁹⁶

Key features:

• How clients pay: Foreign customers pay by card (Visa, Mastercard, American Express), Apple Pay or Google Pay through a Stripe checkout, payment link, invoice or subscription. Cards must be issued outside India and the customer must give a non-Indian billing address. International card payments require 3D Secure authentication.^14915093
• Currencies: Stripe says it supports presentment in 135+ currencies on Visa and Mastercard, and INR or USD on American Express.⁹³⁹⁶
• Payout to India: Automatic daily payouts in INR only to the Indian bank account. Export payouts are made separately from domestic payouts and are labelled International. Manual, weekly and monthly schedules are not available. No payout fee is stated.⁹⁷⁹³⁹⁶
• Card payments: Yes, card payments are the core method: 3% (Visa or Mastercard issued abroad, INR presentment), 3.5% (American Express issued abroad), 4.3% (non-INR presentment), plus 2% if conversion is required. GST at 18% is charged on Stripe fees.⁹⁵¹⁵¹

Strengths:

• You are a registered sole proprietorship, LLP or company and have been invited to Stripe India.⁹³⁹⁴
• Your foreign customers pay by card, Apple Pay or Google Pay, for example on a website checkout or a subscription.¹⁴⁹
• You bill recurring international subscriptions or invoices and want Stripe Billing to collect them.⁹³
• Each payment is within ₹25 lakh.¹⁵²

Limitations:

• Available by invite only in India; new businesses cannot sign up through the website.⁹³¹⁵³

• Individuals (freelancers not registered as a business entity) cannot accept international payments.^94149152

• Only card and wallet payments from abroad are listed; no local bank account details for clients to pay by bank transfer are listed for India accounts.¹⁴⁹

• Payouts are in INR only; a foreign currency balance cannot be held or withdrawn.⁹⁶⁹³

• Only one transaction purpose code per Stripe account.⁹³

• Stripe does not issue a FIRC; you take the Standard Chartered payment advice to your own bank.⁹⁸

• RBI lists Stripe India as a Payment Aggregator Online (PA-O), not a Payment Aggregator-Cross Border (PA-CB); its PA-CB application was withdrawn, per RBI's status list and Stripe's own support page.⁹⁴⁶⁹⁹

• Stripe charges ₹1,000 per dispute received and ₹1,000 per dispute countered, each returned if you win, and the original processing and conversion fees are not returned on refunds.⁹⁵

• Best for: Card checkout and subscriptions.⁹³⁹⁴

• Speed: Each daily payout includes international card payments processed five business days earlier. No payouts on weekends or public holidays. Seven-day waiting period for the first payout, which can be longer for high-risk industries.⁹⁷

• FIRA: Stripe does not issue a FIRC itself. Standard Chartered Bank emails a payment advice (payee advice) to the registered Stripe email on the day an export payout is processed; Stripe says to present it to your own bank to request a FIRC. Cost of the FIRC from your bank: not published by Stripe.⁹⁸⁹³

• Cost: 3% for Visa and Mastercard cards issued outside India, 3.5% for American Express cards issued outside India, and 4.3% for international cards with USD or other non-INR presentment, per successful charge.⁹⁵⁹⁶

Read the Stripe review or compare Remitly vs Stripe.

Is Tazapay a good Remitly alternative?

Tazapay is a cross-border payments company, with licensed or registered entities in Singapore, Canada, the United States, Australia and Hong Kong, that offers incorporated businesses card and local payment method checkout, multi-currency collection accounts and payouts, and lists India among its jurisdictions through Tazapay Canada Corp. operating under the Rupee Drawing Arrangement.^111100102

Key features:

• How clients pay: Cards and alternative (local) payment methods through Tazapay's checkout, payment links and plugins; and local bank transfer, SWIFT or stablecoin into a Global Collection Account (virtual account details in the business's name).^102109154
• Currencies: Tazapay says it supports collection in 35+ currencies through Global Collection Accounts, including USD, EUR, GBP, SGD, AUD and HKD. Its currency list marks INR as supported for invoicing, collection and settlement.¹⁰⁹¹¹⁰
• Payout to India: Settlement to the business's bank by local payment method or SWIFT. The help centre lists local currency settlement at USD 5 below USD 1,000 and free above, and wire settlement at USD 35 below USD 10,000 and free above. The pricing page lists settlements as free with a small fee for smaller amounts, local payouts at USD 2 to 5 and SWIFT at USD 5 to USD 35. Funds can also be held in the Tazapay balance.^103102105109
• Card payments: Yes. Tazapay lists global card payments at 3.8% + USD 0.5 for non-high-risk industries, a USD 0.2 authentication fee (waived for successful transactions on the pricing page), USD 2 per card refund and USD 15 per card dispute.¹⁰²¹⁰³

Strengths:

• Your business is an incorporated Indian company that can provide the KYB documents Tazapay lists for India.¹⁰⁰¹⁰¹
• Your clients want to pay by card or a local payment method in their own country through a checkout or payment link.¹⁰²
• You want collection account details in currencies such as USD, EUR, GBP, SGD, AUD or HKD and are willing to get a quote from sales.¹⁰⁹¹⁰²

Limitations:

• Tazapay does not appear in the RBI's list of authorised Payment Aggregators, including the cross-border (PA-CB) category, as checked on 28 October 2026; it describes its India set-up as the Rupee Drawing Arrangement.¹⁴¹¹¹

• Individual freelancers cannot sign up; the account holder must be an incorporated corporation.¹⁰⁰

• Fees for receiving into Global Collection Accounts and the FX margin are not published.¹⁰²¹⁵⁵

• A FIRC for India costs USD 4 and is requested from partner banks rather than issued automatically.¹⁰²¹⁰⁸

• Settlements are weekly by default unless a custom cycle is agreed.¹⁰⁴

• Tazapay's pricing page and help centre publish different settlement and payout fee figures.¹⁰²¹⁰³

• Best for: Companies taking card or local payment methods.¹⁰⁰¹⁰¹

• Speed: Weekly by default, on the weekday of sign-up; daily or biweekly cycles on request. After release, local settlement typically T+0 to T+1 and SWIFT T+1 to T+5, per Tazapay.¹⁰⁴¹⁰⁵

• FIRA: Tazapay lists a fixed fee of USD 4 for a Foreign Inward Remittance Certificate (FIRC) in India. Its help centre says AD Category I banks issue FIRAs and FIRCs and that Tazapay can provide an NOC as a supporting document to obtain one. Its developer docs say a FIRA is generated for payouts to India and FIRCs are requested from partner banks, not generated automatically, with timelines that vary by bank.^{102103106107108}

• Cost: Alternative payment methods: 0.8% to 2.5%. Global cards: 3.8% + USD 0.5 (non-high-risk industries). Global Collection Accounts (bank transfer receipts): not published, contact sales. No account opening fee.¹⁰²¹⁰³

Read the Tazapay review or compare Remitly vs Tazapay.

Is TransFi a good Remitly alternative?

TransFi describes itself as a stablecoin payments company offering collections, payouts and a chat-based product called BizPay that it says businesses and individuals can use to collect and send cross-border payments.^156112157

Key features:

• How clients pay: TransFi says payers can use local bank details in supported currencies, SWIFT, bank transfers, digital wallets, real-time payment systems, payment links and QR codes; BizPay requests are paid through a payment link.¹¹⁵¹¹²
• Currencies: TransFi says BizPay collects in currencies such as USD, EUR, GBP, AUD and AED, and that it supports 40+ currencies overall.¹¹²¹¹⁵
• Payout to India: TransFi's USA to India page lists bank transfer, wallets and instant rails, with INR as the settlement currency. No payout fee is published.¹¹⁴
• Card payments: TransFi says BizPay supports 250+ payment methods including cards. No card fee is published.¹¹²

Strengths:

• Your client wants to pay through a payment link sent from a WhatsApp or Telegram chat.¹¹²¹¹³
• Your client or you want to move money using stablecoins as well as fiat, which TransFi says BizPay supports.¹¹²¹⁵⁶

Limitations:

• TransFi is not on the RBI list of authorised PA-CB entities as on 16 October 2026, and its pages do not explain its regulatory set-up for Indian exporters.⁹¹¹⁷

• No fee schedule, FX markup or limits are published for receiving into India.^115114112

• TransFi's pages do not mention a FIRA, FIRC or purpose code, which Indian exporters use for GST and bank records.¹¹⁴¹¹²

• Best for: Payment links shared in chat, including stablecoins.¹¹²¹¹³

• Speed: TransFi says collections on the USA to India route settle within minutes to a few hours where instant rails are available; its help centre says BizPay transfers are processed as per the bank settlement cycle.¹¹⁴¹¹⁶

• FIRA: Not published. TransFi's pages do not mention a FIRA or FIRC.^114112115

• Cost: Not published as a schedule. TransFi says fees vary by payment method, origin country and transaction size and are shown before you confirm; the BizPay page says fees start from as low as 0.15% without saying what that covers.^115112117

Read the TransFi review or compare Remitly vs TransFi.

Is Wise a good Remitly alternative?

Wise is a money transfer company whose Wise Business account gives Indian businesses and freelancers account details in other currencies, converts what they receive to INR and sends it to their Indian bank account.¹¹⁸¹²¹

Key features:

• How clients pay: The client pays to the business's Wise account details from their own bank (local transfer, wire or SWIFT) or from a Wise account.¹¹⁸¹²¹
• Currencies: 24 currencies: local account details in 11 currencies and international account details in 13 more, from 140+ countries, according to Wise.¹¹⁸
• Payout to India: Automatic: Wise converts each payment to INR and sends it to the verified Indian bank account given during verification. Indian users cannot hold the foreign currency, and the account details cannot be used to send money. No separate withdrawal fee is published beyond the e-FIRC transfer fee.¹¹⁸
• Card payments: Not available for India-based businesses: Wise lists card acceptance only for Wise Business accounts in the EEA, UK, Australia, Hong Kong, New Zealand, Singapore, Canada and the US.¹⁵⁸

Strengths:

• Your clients are willing to pay by bank transfer to local account details in USD, GBP, EUR or another supported currency.¹¹⁸
• You want an e-FIRC issued for each payment received.¹¹⁸
• You are a freelancer without a registered business, since Wise Business accepts sole traders verified with a personal PAN.¹⁵⁹
• Individual payments are between 5 USD and ₹25 lakh equivalent.¹¹⁸

Limitations:

• Indian businesses cannot accept card payments through Wise.¹⁵⁸

• Money cannot be held in foreign currency; every receipt is converted to INR.¹¹⁸

• No conversion fee percentage is published for INR, so the cost of a receipt can only be seen in Wise's calculator.¹¹⁹

• Single payments above ₹25 lakh equivalent are returned to the sender.¹¹⁸

• Wise's own pages differ on whether the e-FIRC is free or covered by a 2 USD equivalent fee.¹¹⁸¹¹⁹

• Business types other than sole traders, sole proprietorships, private limited companies, LLPs and general partnerships are not currently onboarded.¹⁵⁹

• Best for: Bank transfers to local account details.¹¹⁸

• Speed: Wise says the INR payment reaches the Indian bank account within 1 to 2 days and that more than 50% of transfers settle within 2 hours of pay-in. The client's payment takes 0 to 3 working days to reach Wise by local methods and 2 to 6 working days by SWIFT.¹¹⁸

• FIRA: An e-FIRC for each transfer, emailed to the registered address within 3 working days and downloadable from the transfer page. The help article links it to the 2 USD equivalent fee; the pricing page calls it free.¹¹⁸¹¹⁹

• Cost: Wise's India help article says it charges an equivalent of 2 USD in the received currency for the transfer to the INR bank account that issues the e-FIRC. Wise's India receive pricing page describes a free eFIRC for every transfer. The general Wise Business fee table on Wise's India site lists 6.11 USD per USD wire or Swift payment, 2.16 GBP per GBP Swift payment and 2.39 EUR per EUR Swift payment, with domestic (non-Swift, non-wire) payments free; Wise's India-specific receive pages do not repeat these Swift fees. 18% GST applies to Wise fees.^118119120

Read the Wise review or compare Remitly vs Wise.

How do you choose the right Remitly alternative?

Choose the right Remitly alternative by matching it to your invoices and your clients, not by the headline fee alone.

• Ticket size: flat fees weigh more on small invoices and percentage fees on large ones, so check the cost at your usual invoice size.
• Goods vs services: this site covers exports of services; goods exporters have extra steps such as the shipping bill and EDPMS.
• Currency: check that the provider accepts your client's currency with local account details, not only by SWIFT.
• FIRA need: if you need a FIRA or e-FIRC for each receipt, confirm the provider issues one.
• How clients pay: bank transfer, card and payment links are priced differently.

For example, say a developer invoices a US client USD 2,000 by bank transfer. On published fees, the lowest estimated cost among the alternatives is Karbon Business at about 1.00 to 1.18%.¹⁰¹¹

Which alternatives provide FIRA and e-BRC, and which hold RBI PA-CB authorisation?

Remitly alternatives differ on FIRA and RBI status, as the table shows. An e-BRC is generated by the exporter on the DGFT portal from bank remittance data, so it does not depend on the provider.¹⁶¹