{"id":4741,"date":"2026-09-07T04:48:07","date_gmt":"2026-09-07T04:48:07","guid":{"rendered":"https:\/\/razorpay.com\/newsroom\/?p=4741"},"modified":"2026-09-07T04:49:35","modified_gmt":"2026-09-07T04:49:35","slug":"razorpay-launches-multi-currency-account-helping-exporters-retain-international-earnings-in-foreign-currencies","status":"publish","type":"post","link":"https:\/\/razorpay.com\/newsroom\/razorpay-launches-multi-currency-account-helping-exporters-retain-international-earnings-in-foreign-currencies\/","title":{"rendered":"Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Eliminating the need for immediate conversion to INR, this launch enables businesses to receive payment settlements directly into EEFC accounts in USD, EUR, GBP, AED, and SGD<\/span><\/i><\/li>\n<\/ul>\n<p><b>INDIA, Bengaluru \u2013 20th August 2026:<\/b> <a href=\"https:\/\/razorpay.com\/\"><b>Razorpay<\/b><\/a><span style=\"font-weight: 400;\">, <\/span><span style=\"font-weight: 400;\">India\u2019s Omnichannel Payments Platform for Businesses, today announced the <\/span><b>launch of the Multi-Currency EEFC Account<\/b><span style=\"font-weight: 400;\">, enabling exporters and international businesses to <\/span><b>receive payment settlements directly into their Exchange Earners&#8217; Foreign Currency (EEFC) accounts in the original transaction currency<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With this launch, <\/span><b>merchants can receive settlements in USD, EUR, GBP, AED, and SGD directly into their EEFC accounts<\/b><span style=\"font-weight: 400;\"> through Razorpay\u2019s banking partner ecosystem, <\/span><b>eliminating the need for immediate conversion into Indian Rupees (INR)<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For many Indian exporters and globally operating businesses, managing foreign currency earnings efficiently remains an operational challenge. <\/span><b>While international payments are typically settled in INR, businesses with ongoing foreign currency expenses often need to convert those funds back into foreign currencies to meet overseas obligations, resulting in multiple conversion cycles and avoidable foreign exchange costs. <\/b><span style=\"font-weight: 400;\">At the same time, as Indian businesses expand globally, the need for better control over foreign currency cash flows has become increasingly important. <\/span><b>Businesses today require greater flexibility in deciding when and how to convert their earnings,<\/b><span style=\"font-weight: 400;\"> especially when they have ongoing foreign currency obligations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Through <\/span><b>Razorpay\u2019s Multi-Currency EEFC Account, <\/b><span style=\"font-weight: 400;\">the company aims to address these challenges by<\/span><b> enabling businesses to retain earnings in the original currency and convert only when required.<\/b><span style=\"font-weight: 400;\"> The solution extends Razorpay\u2019s export payments stack beyond collections, helping businesses manage international earnings more efficiently. <\/span><b>Key benefits of Multi-Currency EEFC Settlements include:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Direct foreign currency settlements:<\/b><span style=\"font-weight: 400;\"> Businesses can receive payment settlements directly into their EEFC accounts <\/span><b>without mandatory INR conversion<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reduced FX leakage:<\/b><span style=\"font-weight: 400;\"> By <\/span><b>eliminating multiple conversion cycles<\/b><span style=\"font-weight: 400;\">, businesses can avoid unnecessary foreign exchange costs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Improved cash flow management:<\/b><span style=\"font-weight: 400;\"> Merchants gain <\/span><b>greater control over when to convert foreign currency<\/b><span style=\"font-weight: 400;\"> based on their operational needs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Seamless integration with existing workflows:<\/b><span style=\"font-weight: 400;\"> The solution is built within Razorpay\u2019s existing dashboard, settlement engine, and reconciliation processes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>No additional setup required:<\/b><span style=\"font-weight: 400;\"> Businesses can access EEFC settlements without separate onboarding or changes to their current payment setup<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Commenting on the launch, <\/span><b>Rahul Kothari, COO, Razorpay, said,<\/b> <i><span style=\"font-weight: 400;\">&#8220;Indian businesses are selling to the world like never before &#8211; reaching a record US$860 billion in FY26, and they need financial infrastructure that grows with them. Because Indian exporters deserve the same flexibility to manage their global earnings as they have in growing their businesses. With our Multi-Currency EEFC Account, we&#8217;re making it easier for businesses to retain foreign earnings, reduce conversion costs, and operate with greater confidence in global markets. This is another step towards building financial infrastructure that helps Indian businesses compete and grow on the global stage.\u201d<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The launch reinforces Razorpay\u2019s commitment to supporting the entire export money lifecycle, from collecting international payments to retaining foreign currency earnings and enabling cross-border payouts.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eliminating the need for immediate conversion to INR, this launch enables businesses to receive payment settlements directly into EEFC accounts in USD, EUR, GBP, AED, and SGD INDIA, Bengaluru \u2013 20th August 2026: Razorpay, India\u2019s Omnichannel Payments Platform for Businesses, today announced the launch of the Multi-Currency EEFC Account, enabling exporters and international businesses to<\/p>\n","protected":false},"author":14,"featured_media":4742,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[1],"tags":[33,241],"class_list":["post-4741","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uncategorized","tag-razorpay","tag-razorpay-multi-currency-account"],"modified_by":"Anu Saraswat","_links":{"self":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4741","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=4741"}],"version-history":[{"count":1,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4741\/revisions"}],"predecessor-version":[{"id":4743,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4741\/revisions\/4743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media\/4742"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media?parent=4741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/categories?post=4741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/tags?post=4741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}