Rahul Kothari, Chief Operating Officer, Razorpay, said, “While India continues to grow as one of the fastest-growing markets for freelancers, it’s crucial to have a seamless and cost-efficient method to manage international money transfers securely and support this dynamic community with immense potential.” Kothari added, “Freelancers face formidable challenges, particularly with direct bank transfers that can carry fees as high as $30 per transaction, compounded by additional currency conversion charges. As a result, they lose up to 25 per cent of their income. By addressing these challenges, our solution aims to significantly reduce the burden of high transaction fees and currency conversion charges that freelancers often face, thereby empowering this community with the unparalleled benefit of seamless, border-free global banking.” In addition, last year, Razorpay also introduced a Forex Service for founders, which enabled Indian startups to effortlessly transfer globally raised funds to India, empowering them to navigate the international financial landscape with ease and thus maximize their foreign funding inflow (FDI) to India.
sekar nallalu Corporate,Cryptocurrency Razorpay to Offer International Payments to Freelancers via Export Account
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