- Set to save Amazon exporters up to 50% in international transaction charges
- Offers 1-Day Foreign Inward Remittance Certificate (FIRC) & IEC Registration Assistance, eliminating delays in compliance and significantly reducing the wait time
- Provides round-the-clock support from Razorpay’s in-house experts
INDIA, Bengaluru, 18th March 2025: In a disruptive move to empower Indian exporters selling on Amazon Global Selling Platform, Razorpay, India’s Leading Full-Stack Payments and Banking Platform for Businesses, has become the first Indian Payment Aggregator (PA) to offer zero forex markup, allowing exporters to collect their international earnings seamlessly while saving up to 50% in transaction charges compared to traditional methods. For instance, an Amazon exporter earning ₹5 lakh per month could save over ₹1 lakh annually with Razorpay, ensuring higher earnings and better cash flow for their business.
India’s cross-border e-commerce market is witnessing exponential growth, with exports expected to surpass $200 billion by 2026. Currently, over 150,000 Indian sellers leverage Amazon Global Selling to reach international markets and have sold more than 400 million ‘Made in India’ products to customers across the world through the Amazon Global Selling Platform. This is a part of Amazon’s commitment to enable $80 billion in cumulative e-commerce exports from India by 2030. For domestic businesses with global ambitions, it has been a powerful gateway to new opportunities.
Despite the huge growth potential, Indian exporters still face major challenges in receiving international payments in their Indian bank accounts, such as high forex conversion fees that eat into their profits. Other struggles include hidden Forex margins, slow settlements, high transaction costs, and complex compliance requirements, which make the process cumbersome. Additionally, the lengthy process of obtaining Foreign Inward Remittance Certificates (FIRC) adds to the burden. Sometimes, it takes two or more weeks to resolve these payment and compliance issues, creating significant roadblocks that slow down business growth and limit expansion into global markets. Razorpay is eliminating this barrier by providing a 100% transparent, cost-effective payment solution tailored for Indian exporters.
For instance, consider an Indian merchant selling handwoven carpets to customers in the US through Amazon’s Global Selling platform. Customers pay in USD, and the earnings are reflected in the merchant’s Amazon account in USD. With Amazon’s integration of Razorpay MoneySaver Export Account, the merchant can seamlessly transfer these earnings to their Indian bank account in INR within 24 hours with zero forex markups, ensuring faster access to funds and smoother cash flow.
Having served over 100,000 exporters, Razorpay deeply understands the challenges businesses face in navigating cross-border transactions. Razorpay’s MoneySaver Export Account is built to help merchants maximize their earnings, ensure regulatory compliance, and confidently scale in global markets. Key benefits for Amazon Exporters include:
- Up to 50% savings in transaction charges, Zero Forex Markup: Avoid hidden FX charges and MDR
- Early Settlements – Settling funds within 24 hours of businesses receiving payments from Amazon
- 1-Day Foreign Inward Remittance Certificate (FIRC) & IEC Registration Assistance – Eliminating delays in compliance and significantly reducing the typical wait time of weeks for FIRC issuance. Razorpay also offers guided Import Export Code (IEC) registration and Shipping Bill Regularization, ensuring full compliance and reduced paperwork.
- 24×7 India-Based Customer Support – Real-time assistance from Razorpay’s in-house team that understands the needs of Indian exporters
- Comprehensive Compliance: Stay fully compliant with RBI regulations and cross-border payment norms
Rahul Kothari, Chief Operating Officer, Razorpay, said, “India’s exporters have long had to navigate a fragmented and costly payments ecosystem, dealing with high Forex markups, delayed settlements, and compliance roadblocks. We believe that every Indian entrepreneur deserves to reap the full rewards of their hard work without unnecessary financial barriers. And this initiative is set to benefit over 150,000 Indian sellers who rely on Amazon Global to reach international customers. By eliminating forex markup, we are not just providing a solution, we are fueling a movement. A movement where Indian exporters can confidently expand their businesses globally, increase their profit margins, reinvest savings into growth, marketing, and product innovation, and also drive significant economic growth for the nation. With the Indian e-commerce sector projected to reach $325 billion by 2030, I believe solutions like MoneySaver Export Account will play a crucial role in boosting global trade participation for small and medium-sized businesses. This is more than just a game-changer; it’s a paradigm shift in how Indian sellers will compete on the world stage, and we are proud to be leading this transformation.”
This announcement builds on the success of Razorpay’s MoneySaver Export Account, which was extended to empower freelancers and service exporters to receive international payments at Zero Forex markup last year. As Indian exporters set out to conquer the world, Razorpay is excited to stay by their side, making cross-border payments truly seamless.
