{"id":4552,"date":"2025-06-30T10:22:26","date_gmt":"2025-06-30T10:22:26","guid":{"rendered":"https:\/\/razorpay.com\/newsroom\/?p=4552"},"modified":"2025-06-30T10:26:54","modified_gmt":"2025-06-30T10:26:54","slug":"razorpay-becomes-first-indian-pa-to-enable-150000-amazon-exporters-to-collect-global-earnings-with-zero-forex-markup","status":"publish","type":"post","link":"https:\/\/razorpay.com\/newsroom\/razorpay-becomes-first-indian-pa-to-enable-150000-amazon-exporters-to-collect-global-earnings-with-zero-forex-markup\/","title":{"rendered":"Razorpay Becomes First Indian PA to Enable 150,000+ Amazon Exporters to Collect Global Earnings with Zero Forex Markup"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Set to save Amazon exporters up to<\/span><\/i><i><span style=\"font-weight: 400;\"> 50% <\/span><\/i><span style=\"font-weight: 400;\">in<\/span><span style=\"font-weight: 400;\"> international transaction charges\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Offers 1-Day Foreign Inward Remittance Certificate (FIRC) &amp; IEC Registration Assistance, eliminating delays in compliance and significantly reducing the wait time<\/span><\/i><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Provides round-the-clock support from Razorpay\u2019s in-house experts<\/span><\/i><\/li>\n<\/ul>\n<p><b>INDIA, Bengaluru, 18th March 2025:<\/b><span style=\"font-weight: 400;\"> In a disruptive move to empower Indian exporters selling on Amazon Global Selling Platform, <\/span><a href=\"https:\/\/razorpay.com\/\"><span style=\"font-weight: 400;\">Razorpay,<\/span><\/a><span style=\"font-weight: 400;\"> India\u2019s Leading Full-Stack Payments and Banking Platform for Businesses, has become the <\/span><b>first Indian Payment Aggregator (PA)<\/b><span style=\"font-weight: 400;\"> to offer <\/span><b>zero forex markup<\/b><span style=\"font-weight: 400;\">, allowing exporters to collect their international earnings seamlessly while saving up to <\/span><b>50% in transaction charges compared to traditional methods<\/b><span style=\"font-weight: 400;\">. For instance, an Amazon exporter earning \u20b95 lakh per month could save over \u20b91 lakh annually with Razorpay, ensuring higher earnings and better cash flow for their business.<\/span><\/p>\n<p><b>India\u2019s cross-border e-commerce market is witnessing exponential growth, with exports expected to surpass<\/b> <b>$200 billion by 2026<\/b><span style=\"font-weight: 400;\">. Currently, over 150,000 Indian sellers leverage <\/span><a href=\"https:\/\/sell.amazon.in\/grow-your-business\/amazon-global-selling?ld=EL_razorpay_psp_launch\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Amazon Global Selling<\/span><\/a><span style=\"font-weight: 400;\"> to reach international markets and have sold more than 400 million &#8216;Made in India&#8217; products to customers across the world through the Amazon Global Selling Platform. This is a part of <\/span><b>Amazon\u2019s <\/b><a href=\"https:\/\/www.aboutamazon.in\/news\/small-business\/amazon-to-enable-80-billion-in-ecommerce-exports-msmes#:~:text=Amazon%20has%20announced%20plans%20to,%27Made%20in%20India%27%20products\" target=\"_blank\" rel=\"noopener\"><b>commitment to enable $80 billion in cumulative e-commerce exports from India by 2030<\/b><\/a><b>.<\/b><span style=\"font-weight: 400;\"> For domestic businesses with global ambitions, it has been a powerful gateway to new opportunities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the huge growth potential, <\/span><b>Indian<\/b> <b>exporters still face major challenges<\/b><span style=\"font-weight: 400;\"> in receiving international payments in their Indian bank accounts, such as high forex conversion fees that eat into their profits. Other struggles include <\/span><b>hidden Forex margins, slow settlements, high transaction costs, and complex compliance requirements<\/b><span style=\"font-weight: 400;\">, which make the process cumbersome. Additionally, the <\/span><b>lengthy process of obtaining Foreign Inward Remittance Certificates (FIRC) <\/b><span style=\"font-weight: 400;\">adds to the burden. Sometimes, it takes <\/span><b>two<\/b> <b>or<\/b> <b>more weeks<\/b><span style=\"font-weight: 400;\"> 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 <\/span><b>100% transparent, cost-effective payment solution<\/b><span style=\"font-weight: 400;\"> tailored for Indian exporters.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, consider an Indian merchant selling handwoven carpets to customers in the US through Amazon\u2019s Global Selling platform. Customers pay in USD, and the earnings are reflected in the merchant\u2019s Amazon account in USD. With Amazon\u2019s 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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Having <\/span><b>served over 100,000 exporters<\/b><span style=\"font-weight: 400;\">, Razorpay deeply understands the challenges businesses face in navigating cross-border transactions. <\/span><b>Razorpay\u2019s MoneySaver Export Account<\/b><span style=\"font-weight: 400;\"> is built to help merchants maximize their earnings, ensure regulatory compliance, and confidently scale in global markets. <\/span><b>Key benefits for Amazon Exporters include:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Up to 50% savings in transaction charges, Zero Forex Markup: <\/b><span style=\"font-weight: 400;\">Avoid hidden FX charges and MDR<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Early Settlements<\/b><span style=\"font-weight: 400;\"> \u2013 Settling funds within 24 hours of businesses receiving payments from Amazon\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>1-Day Foreign Inward Remittance Certificate (FIRC) &amp; IEC Registration Assistance<\/b><span style=\"font-weight: 400;\"> \u2013 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.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>24&#215;7 India-Based Customer Support<\/b><span style=\"font-weight: 400;\"> \u2013 Real-time assistance from Razorpay\u2019s in-house team that understands the needs of Indian exporters<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Comprehensive Compliance:<\/b><span style=\"font-weight: 400;\"> Stay fully compliant with RBI regulations and cross-border payment norms<\/span><\/li>\n<\/ul>\n<p><b>Rahul Kothari, Chief Operating Officer, Razorpay, said<\/b><i><span style=\"font-weight: 400;\">, \u201cIndia\u2019s 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. <\/span><\/i><b><i>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<\/i><\/b><i><span style=\"font-weight: 400;\">. With the Indian e-commerce sector projected to reach <\/span><\/i><b><i>$325 billion by 2030<\/i><\/b><i><span style=\"font-weight: 400;\">, I believe solutions like <\/span><\/i><b><i>MoneySaver Export Account <\/i><\/b><i><span style=\"font-weight: 400;\">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\u2019s a paradigm shift in how Indian sellers will compete on the world stage, and we are proud to be leading this transformation.\u201d<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">This announcement builds on the success of <\/span><b>Razorpay\u2019s MoneySaver Export Account<\/b><span style=\"font-weight: 400;\">, which was extended to empower <\/span><b>freelancers and service exporters<\/b><span style=\"font-weight: 400;\"> to receive international payments at Zero Forex markup last year. As Indian exporters set out to <\/span><b>conquer the world<\/b><span style=\"font-weight: 400;\">, Razorpay is excited to stay by their side, making <\/span><b>cross-border payments truly seamless<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Set to save Amazon exporters up to 50% in international transaction charges\u00a0\u00a0 Offers 1-Day Foreign Inward Remittance Certificate (FIRC) &amp; IEC Registration Assistance, eliminating delays in compliance and significantly reducing the wait time Provides round-the-clock support from Razorpay\u2019s in-house experts INDIA, Bengaluru, 18th March 2025: In a disruptive move to empower Indian exporters selling on<\/p>\n","protected":false},"author":14,"featured_media":4553,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[28],"tags":[33,187,186],"class_list":{"0":"post-4552","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technology","8":"tag-razorpay","9":"tag-razorpay-amazon","10":"tag-razorpay-cross-border"},"modified_by":"Anu Saraswat","_links":{"self":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/comments?post=4552"}],"version-history":[{"count":1,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4552\/revisions"}],"predecessor-version":[{"id":4554,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4552\/revisions\/4554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media\/4553"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media?parent=4552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/categories?post=4552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/tags?post=4552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}