Cashfree Payments and YES Bank have joined hands to launch ‘Global Collections‘, an international collection service for exporters who hold an account with YES Bank. This partnership enables the bank’s account holders to collect payments in over 30 foreign currencies using the Global Collections service. Additionally, the funds collected can be converted into INR and settled into their local bank account within one business day.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The Global Collections service comes with several benefits for exporters, including:
Cashfree Payments currently holds over 50% market share among payment processors in India, and it is a leading player in bulk disbursals in the country. The company works closely with all leading banks to build the core payments and banking infrastructure that powers its products. Furthermore, Cashfree Payments is integrated with major platforms like Shopify, Wix, PayPal, Amazon Pay, Paytm, and Google Pay. The company’s products are not limited to India, as they are also used in eight other countries, including the USA, Canada, and UAE.
Also Read: GetVantage secures NBFC licence from RBI
As travelers seek inspiration for their next adventure, the world offers a plethora of stunning…
Himachal Pradesh, nestled in the lap of the majestic Himalayas, is a paradise for nature…
The Defence Research and Development Organisation (DRDO) has achieved a significant milestone in enhancing India's…
Zimbabwe has launched a new currency called the ZiG (short for Zimbabwe Gold) in an…
The Uttarakhand government has suspended the manufacturing licenses of 14 products from Patanjali Ayurved, founded…
The Reserve Bank of India (RBI) has revoked the license of Acemoney (India) Limited, a…