Cashfree Payments, a Bengaluru-based Indian fintech firm, has become the first in India to support over 140 global currencies on its upgraded international payment gateway. This strategic enhancement enables Indian merchants to offer a localized checkout experience, potentially expanding their global revenue by up to 30%.
Cashfree Payments, a leading fintech company headquartered in Bengaluru, Karnataka, has taken a major step in boosting India’s global e-commerce capabilities by enabling support for over 140 currencies on its international payment gateway. With this move, it becomes the first Indian fintech to offer such a wide currency range, aimed at simplifying cross-border transactions for Indian merchants.
The upgraded platform now allows both one-time and recurring payments through international cards. According to the company, this feature could help businesses increase their global revenue by up to 30 percent.
With support for 140+ currencies, our upgraded international payments gateway gives Indian businesses instant global reach, better access to an international consumer base, and the ability to drive higher revenue.”
Nitin Pulyani, Senior Vice President, Product at Cashfree Payments
This development is expected to significantly benefit India’s booming e-commerce export sector, which is projected to reach USD 200 billion by 2026. A major hurdle for global expansion has been currency conversion friction, which often causes cart abandonment when international customers see prices only in INR.
To address this, Cashfree Payments now allows global customers to pay in their local currencies while merchants continue receiving settlements in INR. This is made possible through their Pay Native feature, enabling a localized checkout experience.
Cashfree Payments is regulated by the Reserve Bank of India as a payment aggregator and issuer of prepaid instruments. The company currently processes USD 80 billion annually and supports 800,000 businesses, including major Indian brands such as Swiggy, redBus, Zepto, and HDFC Life. Beyond India, the company is actively expanding into the UAE and sees high growth potential in the Middle East market.
This new feature not only enhances the user experience for global customers but also allows the Indian diaspora to shop from homegrown brands more seamlessly, reflecting the increasing demand for faster, cost-efficient cross-border payments.
