Fintech platform Xflow is preparing to expand its cross-border payments business after receiving the Reserve Bank of India’s (RBI) in-principle approval to operate as an online payment aggregator for cross-border transactions. The approval allows Xflow to handle both import and export flows, positioning it as a full-stack platform for small and medium-sized businesses (SMBs).
Founded to simplify international payments, Xflow addresses common issues such as high costs, long processing times, and compliance hurdles. “When we started Xflow, we saw how challenging it was for SMBs to receive international business payments,” said Anand Balaji, Co-founder and CEO. The company enables users to collect payments within one business day, provides one-click eFIRA documents within 24 hours, and offers transparent pricing with zero percent FX markup.
Balaji noted that merchandise and services exports are expected to surpass $820 billion in FY25, and more SMBs are moving into global markets. Xflow has already served over 10,000 customers across 140 countries and now aims to reach 30,000 businesses by the end of 2025.
With the RBI nod and the launch of its AI-powered FX analysis tool, the company plans to combine faster transactions with intelligence-driven insights. Balaji stated, “The next wave will be about intelligence and not just moving money but providing insights, forecasting FX trends, and helping businesses manage their finances strategically. Xflow’s roadmap aligns with this future: combining seamless transactions with tools that empower SMBs to make smarter financial decisions as they scale globally.”
