PayGlocal expands multi-currency global collections capabilities for Indian businesses
FinTech BizNews Service
Mumbai, July 2, 2025: PayGlocal, a trusted cross-border payments partner for Indian exporters and digital businesses, has announced a strategic partnership with Banking Circle S.A. to expand its global collection capabilities. This collaboration enhances PayGlocal’s ability to support efficient, compliant, and cost-effective international receivables, enabling Indian exporters, freelancers, D2C brands, and marketplace sellers (including those on Amazon Global Selling) to access local collection infrastructure across key currencies, now including the Australian Dollar (AUD).
Designed for the complexities of global trade, PayGlocal empowers Indian merchants with enterprise-grade payment capabilities and RBI-licensed trust. Through this collaboration, Indian merchants can benefit from faster settlements and improved access to local clearing networks in key global markets—including Europe, the UK, and Australia, by leveraging Banking Circle’s direct clearing access and virtual account infrastructure. Together, the two companies are delivering an integrated, compliant solution designed to simplify international receivables for merchants at scale.
“PayGlocal helps Indian businesses expand globally by enabling them the ability to move money quickly, compliantly, and without friction — which is critical. This tie-up with Banking Circle strengthens that foundation by combining trusted infrastructure, regulatory alignment, and a shared commitment to solving real merchant challenges at scale — without making them handle the complexities themselves,” said Rohit Sukhija, Co-founder & Chief Product Officer, PayGlocal.
“Our collaboration with PayGlocal is a significant step in reducing friction for Indian exporters and enhances our presence in India,” said Mishal Ruparel, Chief Commercial Officer at Banking Circle. “By combining our local clearing network with PayGlocal’s merchant-focused platform, we’re enabling faster, cost-effective cross-border payments that support India’s growing role in global trade.”
This partnership marks a continued effort by both companies to simplify international payment flows and support the global ambitions of Indian businesses. As cross-border trade becomes increasingly critical to India’s digital economy, PayGlocal and Banking Circle plan to deepen their collaboration, expanding access to regulated, scalable, and merchant-centric payments infrastructure across additional currencies and regions.
