Daijiworld Media Network - Bengaluru
Bengaluru, Jun 30: Indian fintech company Cashfree Payments is planning to expand its cross-border payment services by entering areas such as overseas investments, travel payments and business-to-business transactions, as demand for international payments continues to grow.
Cashfree Payments CEO Akash Sinha said the company plans to begin pilot programmes this year as it looks beyond its existing cross-border e-commerce payment services.
“Cross-border is an exciting space...the market is not a challenge. It's a growing market,” Sinha said in an interview, adding that India’s growing integration with the global economy through trade agreements is creating new opportunities.
He said the main challenge is developing the right products while ensuring they remain compliant with regulatory requirements.
Cashfree, which is backed by the State Bank of India, currently provides payment solutions for online businesses and holds a cross-border payments aggregator licence from India’s financial regulator.
The company is aiming for its cross-border business to contribute around 25 per cent of its revenue within the next three to four years, compared to about 10 per cent currently.
The move comes as Indian payment companies increasingly focus on international transaction services due to rising outbound travel, overseas education, foreign investments and global trade.
Unlike domestic payment processing, where heavy competition has reduced margins, cross-border payments generally provide better returns as they involve foreign exchange services and additional regulatory processes.
Sinha said Cashfree’s objective is to build payment infrastructure that makes international transactions easier, more affordable and efficient for both consumers and businesses.
Founded in 2015, Cashfree currently processes transactions worth around $80 billion annually for more than one million businesses, according to the company’s website.
The fintech firm reported revenue of nearly Rs 1,000 crore ($105.7 million) in the financial year 2026 and is looking to strengthen its position in India’s expanding digital payments ecosystem through global payment solutions.