Global Collections FAQs

Global Collections allows your customers to pay for your products in their native currency, and the amount is settled to your account in INR. Cashfree Payments handles the currency conversion and other hassles.

Foreign inward remittance refers to the transfer of money to India from anywhere outside India. For example, when you receive money in your regional bank account from a business or an individual abroad, it is called foreign inward remittance.

If you are selling goods or services outside of India and have an invoice value of up to USD 10,000, you can use Global Collection accounts. The payer can be an individual or a business, as long as the payment is for the sale of goods or for the rendering of service(s).

Yes, Cashfree Payments’ AD-1 partner will issue eFIRS on T+1* basis. T is the day on which the beneficiary receives the payment in their bank account in India. The eFIRS will be sent via email to your registered email address.

Yes, here is the OPGSP guideline for your reference.