Banking Circle has partnered with EbixCash World Money to simplify and accelerate international money transfers for Indian students and travellers.
Under the collaboration, EbixCash, an AD-II licensed foreign exchange and remittance provider, will use Banking Circle’s infrastructure to deliver faster and more transparent cross-border transactions.
The partnership aims to drive efficient and fully compliant international payments, offering real-time tracking, lower charges, and faster settlements.
The integration will also lay the groundwork for scalable cross-border payout capabilities for small businesses and corporate clients, subject to regulatory approval.
Through Banking Circle’s local clearing infrastructure, EbixCash will be able to settle transactions directly across key corridors such as the UK, EU, US, Canada, Australia, Singapore, and the GCC.
Using Banking Circle’s virtual IBANs and structured references will help eliminate hidden costs, improve traceability, and simplify reconciliation processes, particularly useful for universities, travel providers, and individuals managing complex payment documentation.
The initiative is part of Banking Circle’s broader strategy to expand its embedded financial infrastructure across local markets worldwide.
“By combining EbixCash World Money’s AD-II expertise with Banking Circle’s direct and local clearing, we are giving Indian students, travellers and businesses the speed, transparency and control they expect from a modern cross-border payments platform.
Opening our own multi-currency nostro is a structural shift from agent-based transfers to infrastructure-grade payments, reducing costs and uncertainty while elevating compliance and customer experience.”
said T. C. Guruprasad, MD and CEO of Payment Solutions at EbixCash.
“We are creating a future-ready platform that will address current market gaps and redefine how India connects with the global economy.
Our correspondent banking network coupled with EbixCash’s AD-II and remittance expertise will enable cross-border payments that are faster, more transparent, and fully compliant,”
said Mishal Ruparel, Chief Commercial Officer at Banking Circle.
Featured image: Edited by Fintech News Singapore, based on image by brilian via Freepik
