IndiaMART, Tazapay enable cross-border transactions for Indian exporters

Monday 2 May 2022 14:00 CET | News

India-based B2B marketplace IndiaMART has teamed with Tazapay to offer Indian exporters a customised seamless payment solution for B2B trades.

The partnership between IndiaMART and Tazapay will help the B2B exporters get coverage in economic markets like South-East Asia, the US, the UK, the EU, and more. On top of offering local payment methods such as local bank transfers, credit cards, and QR code payments, similar to UPI, for buyers and sellers, merchants will be able to deal with international clients like a local.

The partnership will ensure that all transactions meet international trade compliance requirements, including issuance of Foreign Inwards Remittance Advice (FIRA) where required. The association between IndiaMART and Tazapay is meant for exporters of goods based in India and exporters of services.

The collaboration with Tazapay also augments the value proposition offered by the IndiaMART Verified Export Services (IVE). IndiaMART launched the IVE service in 2020 enabling its merchants to expand their business across the globe by tapping into the pool of more than 10 million foreign buyers every month coming from more than 100 countries.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: B2B payments, partnership, retail, merchant, QR payments, local payment method
Categories: Payments & Commerce
Companies: IndiaMart, Tazapay
Countries: India
This article is part of category

Payments & Commerce




Discover all the Company news on IndiaMart and other articles related to IndiaMart in The Paypers News, Reports, and insights on the payments and fintech industry: