EbixCash & Banking Circle Revolutionize Indian Cross-Border Payments
EbixCash has partnered with Banking Circle to revolutionise cross-border payments, especially for Indian students, travellers, and businesses. This collaboration brings faster, more transparent, and compliant international money transfers, pending regulatory approval.
The partnership enables EbixCash to offer direct settlement via local rails across major corridors like the UK, EU, US, Canada, Australia, Singapore, and the GCC. This move is set to drive efficient and fully compliant international payments for Indian students and travellers.
Banking Circle's virtual IBANs and structured references will eliminate hidden costs, improve traceability, and simplify reconciliation. Mishal Ruparel, the Chief Commercial Officer at Banking Circle, sees this development as creating a future-ready platform that addresses current market gaps and redefines how India connects with the global economy. T. C. Guruprasad, MD & CEO - Payment Solutions, EbixCash, echoes this sentiment, stating that this move gives Indian students, travellers, and businesses speed, transparency, and control in cross-border payments.
The partnership between EbixCash and Banking Circle lays the foundation for scalable cross-border payout capabilities for SMEs and corporate flows. It aims to improve the overall payment experience for Indian students, travellers, and businesses, pending regulatory approval.
