Cashfree Payments & Global Trade Plaza to offer cross-border payments to Indian exporters

By Gloria Mathias

Cashfree Payments has partnered with Global Trade Plaza, a B2B Marketplace, to provide Indian exporters with an improved cross-border payment experience.

In this partnership, the ‘Global Collections’ solution by Cashfree Payments will enable Indian exporters to collect payments in over 15 foreign currencies. Subsequently, the received funds will be efficiently converted into INR and settled into their local Indian bank accounts within 48 hours. Further, exporters will also be able to get auto-generated foreign inward remittances advice (e-FIRA).

Reeju Datta, Co-Founder of Cashfree Payments, said, “We are excited to partner with Global Trade Plaza to offer a seamless cross-border payment experience to Indian exporters through our ‘Global Collections’ solution. At Cashfree Payments, we have been at the forefront of building cross-border solutions, and partnerships like these help us further our goal of supporting and helping Indian businesses to grow and thrive globally.”

Pulkit Dwivedi, Co-Founder of Global Trade Plaza, said, “We are thrilled to collaborate with Cashfree Payments to provide our exporters with a seamless and efficient cross-border payment experience using their ‘Global Collections’ solution. As a leading B2B portal & official partner of Société Générale de Surveillance (SGS), Global Trade Plaza is dedicated to aiding Indian businesses in global growth, fostering easy and secure international trade. Together with Cashfree Payments, we are working towards simplifying global transactions for Indian businesses and ensuring their continued growth and success.”

With Cashfree Payments’ Global Collections solution, exporters will be able to share their global collection account details with their international clients over email, SMS or WhatsApp, and the buyers will be able to make payments using local rails like Automated clearing house (ACH), Single Euro Payments Area (SEPA), etc.

Global Trade Plaza is a B2B portal that offers a comprehensive platform for businesses to connect, trade, and grow globally.

Its mission is to simplify and streamline international trade, making it easy, safe, and hassle-free for businesses around the world to connect, communicate, and securely transact with one another.