Fintech Xflow has gained RBI approval to operate as an online payment aggregator for cross-border transactions, including import and export flows.
The move aims to strengthen the company’s position as a cross-border payments platform, allowing it to deliver compliant and cost-effective payment solutions to businesses in India. The authorisation comes after the rollout of Xflow’s AI-driven FX analysis tool, reflecting the fintech’s mission to simplify the way money moves.
Supporting Indian SMEs
Xflow’s mission is to expand its user base by the end of 2025, strengthening its presence as a platform that enables simple and intelligent global payments. As cross-border payments adoption is increasing, the company believes that India is at the centre of this growth, as SMEs in the region adopt digital-first operations.
An increasing number of SMEs and independent professionals are entering the global market, driven by the high number of opportunities and India’s capabilities. A combination of optimised digital infrastructure, global demand for Indian talent in technology and creative services, and government initiatives like the Production Linked Incentive (PLI) scheme has created a thriving ecosystem. The country’s cost advantage and fast output are also strong drivers.
However, international payments remain an issue, as many SMEs are held back by challenging processes. Xflow aims to tackle this challenge by enabling simple payment collection that allows for growth without barriers. As compliance can feel daunting for SMEs when it comes to unfamiliar paperwork, timeline uncertainties, and weeks of waiting for bank processes, the fintech aims to automate this flow by offering one-click eFIRA within 24 hours for every withdrawal, and more.
Users can withdraw any amount of money at any time, with no limit on compliant transactions or hidden fees, collecting payments in one business day at 0% FX markup. FX rates are linked to mid-market benchmarks, and the pricing is transparent, with the platform’s network spanning over 140 countries. Partnering with licenced banks, the company aims to help businesses manage their funds strategically, forecast FX trends, and bring about intelligence in money movement, offering simple cross-border transaction tools.
