Cross-border payments and remittances

Money transfer services 5 companies

People working abroad send money home through these services, from a phone app or a local shop, often to India.

WiseWise sends money abroad at the real exchange rate with a small, clear fee, and offers accounts in many currencies.HyderabadHired recently

Western UnionWestern Union, with engineers in Pune, is the oldest name in money transfer. It began with local shops where people hand over or collect cash, and now also has an app.

RemitlyRemitly, with engineers in Bengaluru, sends money from a phone to families abroad. India is among its largest destinations.

AsporaAspora, formerly Vance, sells money transfers and accounts to Indians living abroad. It has engineers in Bengaluru.

Remit2AnyRemit2Any sends money from the United States to India.

The tech, explainedRemittance app Multi-currency account

Business payments across borders 7 companies

Businesses and freelancers collect payments from clients abroad, and companies pay staff and suppliers in many countries, through these services.

PayoneerPayoneer, with engineers in Delhi NCR, is how many Indian freelancers and small exporters are paid by marketplaces and clients abroad.Delhi NCR

FlywireFlywire, with engineers in Bengaluru, handles large international payments such as university fees paid from abroad and hospital bills.

NiumNium, founded by an Indian entrepreneur as InstaReM, runs a network that other companies use to send money to bank accounts and cards in many countries.

SSkydo OfficialSkydo, a Bengaluru company, collects payments from abroad for Indian exporters of services.

TazapayTazapay, with engineers in Bengaluru, collects and sends cross-border payments for businesses in Asia.

TerraPayTerraPay runs a network that moves payments between banks and mobile wallets in different countries.

VertoVerto, with engineers in Pune, sells business accounts in many currencies and currency exchange, especially for African currencies.

The tech, explainedCross-border payout network Cross-border payment collection International education payments

How it all worksCross-border paymentsSalary home to Kerala, a US client paying Indore.

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What's changing

The border is starting not to matter.

Countries are linking their instant-payment systems, such as India's UPI with Singapore's PayNow, so money can cross a border as fast and cheaply as a payment at home.