It also enables the Indian diaspora to shop from and engage with Indian brands more seamlessly
| Photo Credit:
REUTERS
Cashfree Payments, a RBI authorised payment aggregator for both domestic and cross-border payments, has announced that it supports over 140 currencies on its international payment gateway, becoming the first Indian fintech to offer the widest range of currency acceptance for Indian businesses.
The feature enables both one-time and recurring transactions on international cards. The upgrade aims to help Indian merchants expand business by up to 30 per cent.
Nitin Pulyani, SVP – Product, Cashfree Payments said that with support for 140 currencies, the upgraded international payments gateway gives Indian businesses instant global reach, better access to an international consumer base.
It also enables the Indian diaspora to shop from and engage with Indian brands more seamlessly, he said
As India’s e-commerce exports head toward a projected $200 billion by 2026, many merchants still face hurdles in going global including the friction caused by currency conversion during cross-border transactions. For international customers, seeing prices only in the rupee can cause confusion and drop-offs, directly impacting customer conversions and revenue.
Powered by its Pay Native feature, customers can now pay in their local currency while businesses get settled in the rupee —boosting trust, precision pricing and customer acquisition.
From major currencies like USD, EUR, and GBP to emerging market options like AED, BRL, and MYR, Cashfree’s international card acceptance solution is the first Indian initiative to support such a diverse range of currencies. Leading players across quick-commerce, travel, spiritual tech, and e-commerce are already live with this upgrade.
Cashfree Payments currently processes $80 billion annually and works with 8 lakh businesses, from internet start-ups to public enterprises.
In India, Cashfree Payments is used by leading brands like Swiggy, redBus, Zepto, Astro Talk, HDFC Life and more. In addition to India, it is expanding its footprint in the UAE and sees significant growth potential offering payments and related products across the Middle East.
Founded in 2015, it was incubated by PayPal and backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India.
Published on May 8, 2025
