Banking Circle has partnered with Indian payments firm PayGlocal to support faster and more efficient international collections for exporters and marketplace sellers in India.

The partnership allows Indian merchants to receive payments from overseas markets such as Europe, the UK, and Australia using Banking Circle’s local clearing access and virtual account infrastructure.

PayGlocal, which holds regulatory approval from the Reserve Bank of India, offers enterprise-level payment capabilities designed to support global transactions securely and at scale.

Its multi-currency account offering will expand to support Australian Dollars, in addition to US Dollars, Euros, and British Pounds.

By gaining access to local clearing rails, Indian businesses can expect quicker settlements and improved transparency, while managing their collections through a single API.

The collaboration aims to meet rising demand from Indian merchants seeking to scale globally, with both companies indicating plans to deepen the partnership further.

“Our collaboration with PayGlocal is a significant step in reducing friction for Indian exporters and enhances our presence in India.

By combining our local clearing network with PayGlocal’s merchant-focused platform, we’re enabling faster, cost-effective cross-border payments that support India’s growing role in global trade.”

said Mishal Ruparel, Chief Commercial Officer at Banking Circle.

“PayGlocal helps Indian businesses expand globally by enabling them the ability to move money quickly, compliantly, and without friction — which is critical.

This tie-up with Banking Circle strengthens that foundation by combining trusted infrastructure, regulatory alignment, and a shared commitment to solving real merchant challenges at scale — without making them handle the complexities themselves,”

said Rohit Sukhija, Co-founder & Chief Product Officer, PayGlocal.

Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik