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Cashfree Expands into Cross-Border Payments | Business and Finance News

Cashfree Expands into Cross-Border Payments | Business and Finance News

Published 2 days, 5 hours ago
Description

Cashfree Payments, backed by India’s State Bank of India, is launching bold cross-border initiatives—targeting overseas investments and travel payments—to tap into India’s surging global transaction demand. With pilot programs set to begin later this year, CEO Akash Sinha sees international payments as a high-margin growth engine, especially as Indian firms compete globally. Unlike the tight-margin domestic market, cross-border deals offer better profits through FX and compliance complexity. Currently contributing 10% of revenue, Cashfree aims to boost that to 25% within three to four years, positioning itself as a key player in India’s expanding international payments landscape.

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