New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    ________ collaborated with Global Trade Plaza to

    simplify cross-border payments for Indian exporters & aims to facilitate international trade promotion by allowing Indian exporters to collect payments in over 15 foreign currencies.
    A PayU Correct Answer Incorrect Answer
    B PayPal Correct Answer Incorrect Answer
    C Cashfree Payments Correct Answer Incorrect Answer
    D Razorpay Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Cashfree Payments collaborated with Global Trade Plaza to simplify cross-border payments for Indian exporters. The partnership aims to facilitate international trade promotion by allowing Indian exporters to collect payments in over 15 foreign currencies. Funds received will be converted into Indian Rupees and transferred to local Indian bank accounts within 48 hours.  Exporters will also receive auto-generated foreign inward remittances advice (e-FIRA).  Cashfree Payments' Global Collections solution will enable exporters to share their account details with international clients via email, SMS or WhatsApp. Buyers can then make payments using local systems like Automated Clearing House (ACH) and Single Euro Payments Area (SEPA).

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