🐘India🇮🇳: The fintech Wise🇬🇧 receives Central Bank approval as a cross-border payment aggregator to operate in the export sector

🐘India🇮🇳: The fintech Wise🇬🇧 receives Central Bank approval as a cross-border payment aggregator to operate in the export sector
Currently, the company manages around 10% of cross-border transfers.

➡️With the authorization to offer international accounts, freelancers and export businesses in India will be able to receive payments from abroad in eight currencies — including GBP, EUR, USD, AUD, and SGD — at the mid-market exchange rate.

➡️Competitive edge: increased transfer limits, lower fees, the ability to receive e-FIRC for each transaction, and a streamlined process, with payments credited in under 90 minutes.

➡️ Context: India’s export sector currently shows high potential. Analysts point to sustained global demand for Indian goods and services; therefore, it is estimated that in 2026, export transaction volume will exceed 1 trillion USD.

#news #India

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