Cashfree Payments, Global Trade Plaza partners to lift cross-border payment

Cashfree Payments, a firm specialising in API banking solutions, announced on Monday its collaboration with Global Trade Plaza, a global B2B marketplace, to simplify cross-border payments for Indian exporters. The partnership aims to facilitate international trade promotion by allowing Indian exporters to collect payments in over 15 foreign currencies. Funds received will be converted into Indian Rupees and transferred to local Indian bank accounts within 48 hours. Exporters will also receive auto-generated foreign inward remittances advice (e-FIRA), the company stated.