Xchangepe is a payment and settlement platform for businesses in India, primarily exporters, to receive payments from overseas customers and settle them in INR.
Key capabilities
* Receive overseas payments through foreign-currency receiving accounts.
* Receive currencies including USD, GBP, EUR, AUD, CAD, SGD, and AED.
* Convert foreign currency into INR and settle funds to an Indian bank account.
* Track invoices and incoming payments.
* Handle purpose-code information for export transactions.
* Generate and access e-FIRC/FIRA documentation.
How it works
1. Create an Xchangepe account.
2. Set up a receiving account in the required foreign currency.
3. Share the receiving account details with the overseas customer.
4. Customer sends the payment in the relevant currency.
5. Xchangepe receives and converts the funds into INR.
6. INR is settled into the user's Indian bank account.
7. Payment, invoice, purpose-code, and e-FIRC/FIRA details are recorded or generated through the platform.
Who uses Xchangepe
* IT and software companies: Receive payments for software development, SaaS, consulting, and technology services.
* ITeS and BPO companies: Manage recurring or project-based international service payments.
* Professional services and agencies: Receive payments for consulting, design, marketing, and other services.
* Freelancers and independent consultants: Receive project or professional fees from overseas clients.
* Goods exporters and manufacturers: Receive payments from international buyers.
* D2C and e-commerce exporters: Manage international sales and export-related payments.
* Amazon and marketplace sellers: Receive foreign-currency marketplace payouts where supported.
* Startups and technology businesses: Manage overseas customer or entity payments.
* SMBs and MSMEs: Simplify receiving, conversion, settlement, and documentation workflows.
* Finance and accounts teams: Track payments, invoices, settlements, purpose codes, and e-FIRC/FIRA documentation.
Geographies
Xchangepe supports Indian exporters receiving payments from customers in the United States, United Kingdom, European Union (including Germany, Netherlands, France, and Ireland), UAE, Singapore, Australia, Canada, and Japan.
The receiving business is based in India, with funds settled in INR.
Receiving currencies
USD (US Dollar), GBP (British Pound), EUR (Euro), AUD (Australian Dollar), CAD (Canadian Dollar), SGD (Singapore Dollar), and AED (UAE Dirham).
