A smart platform to accept international payments for your export business
If you are an exporter wanting to accept international payments, LeRemitt is the right platform. Our innovative team, intelligent platform, and bouquet of services are calibrated to meet your unique business needs efficiently and cost-effectively.
Product & Services
Inward Remittance
Efficient Money Transfer
Economical Rates
Transparency
Easy Tracking
Status Updates
Secure Transactions
Global Reach
Do you have specific business needs related to the receipt of funds? No worries! We have you covered for inward remittance in all forms. Whether your business deals with international supplier payments, freelancer payments, or any other business-related transaction, we provide a seamless and speedy experience.
Global Foreign Currency
Account (FCY)
Our game-changing solution helps global MSMEs streamline their receipt of funds from international buyers or remitters. Our global Foreign Currency Accounts (FCY) act as virtual accounts and offer a seamless and efficient transaction experience, making cross-border trade accessible and cost-effective.
Global Foreign Currency Account
Global Impact
Real-Time Balance Visibility
Instant Alerts
Comprehensive Monthly Statements
Expanding Currency Options
Regulatory Compliance
With our Global FCY, your buyers or remitters can transfer funds directly into your account just like a local transaction. This not only accelerates the process but also helps you and your remitter save money by avoiding hefty international transfer fees.
Frequently Asked Questions
2. What is the transaction time involved in accepting international payments in India through LeRemitt?
Typically, international payments through LeRemitt are processed within 24-48 hours, depending on the originating country and currency. However, processing times can vary based on banking hours, intermediary banks, and compliance checks.
3. Is a GST certificate required for proprietorships that want to accept international payments in India?
No, a GST certificate is not required for proprietorships to accept international payments in India unless the business is registered under GST. However, additional identification or documentation may be needed based on the nature of the transaction.
4. Is providing an invoice mandatory to accept international payments in India?
Yes, providing an invoice is mandatory when accepting international payments in India. It helps justify the purpose of the payment and ensures compliance with Indian regulations.
5. Is a GST certificate needed for inward remittance?
A GST certificate is not always required for inward remittances, but it is necessary for businesses registered under GST that are receiving payments for goods or services. For proprietorship remittances, it is not required.
6. How Do Cross-Border Payments Work?
Cross-border payments through LeRemitt involve transferring funds from a payer in a foreign country to a recipient in India. The process typically includes currency conversion, compliance checks, and banking intermediaries. LeRemitt facilitates this by handling the transfer, currency conversion, and regulatory processes.
7. Can I track the status of my cross-border payments in real time?
Yes, LeRemitt provides real-time tracking for cross-border payments. You can monitor the progress of your transactions through the platform, from initiation to completion.
8. What is Global Foreign Currency Account? How does it work?
A Global Foreign Currency Account is an account that allows businesses to hold, manage, and transact in foreign currencies without converting them into INR immediately. It helps businesses manage currency fluctuations and make payments directly in foreign currencies.
9. What is eFIRA? Is it different from FIRC?
eFIRA (Electronic Foreign Inward Remittance Advice) is an electronic version of FIRC (Foreign Inward Remittance Certificate). It serves as proof of receipt of foreign currency payments. eFIRA is the digital equivalent, making it faster and more efficient to obtain.
