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Business EconomyPosted at: May 17 2023 1:35PM


Cashfree Payments partner with Tazapay to offer seamless cross border payments to Indian exporters

Mumbai, May 17 (UNI) Cashfree Payments, India's leading payments and API banking company, has partnered with Tazapay, Singapore-based cross-border payments company to power their cross-border payments for Indian exporters.
The partnership allows Tazapay to settle all cross-border payments directly to Indian exporters' local bank accounts in Rupees (INR) in one business day, according to a media release.
Previously, Indian exporters faced challenges with e-FIRS (Foreign Inward Remittance Statement) generation, which required 2-3 weeks and multiple bank follow-ups. With this partnership, Cashfree Payments will provide e-FIRS to Tazapay merchants, complete with remitter & buyer details, for all their transactions within one business day.
This partnership streamlines transaction processing, improves cash flow management and offers convenient payment options. It aims to unlock new opportunities for Indian sellers to expand their reach and tap into more global buyers.
This aligns with Cashfree Payments’ objective of supporting the Indian export growth story by providing businesses with the best cross-border payment infrastructure available to help them grow profitably. This partnership will accelerate Indian export growth and aid Indian businesses aiming to grow their customer base in international markets.
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