Currenxie vs Adyen (2026): Which Is Better for Receiving International Payments in India?
- Author:
- Manoj Sharma
- Verified by:
- Editorial team
- Published:
- Last modified:
Short answer
The better choice depends on how your clients pay and which documents you need. Neither platform publishes full pricing for Indian users. Currenxie is best for incorporated businesses that hold and convert multiple currencies in one account, often with a Hong Kong presence. Adyen is best for large enterprises accepting card and UPI payments from Indian shoppers.
| Use case | Better option | Why |
|---|---|---|
| Invoices around $2,000 | Not comparable | Neither platform publishes full pricing for Indian users. |
| Invoices around $5,000 | Not comparable | Neither platform publishes full pricing for Indian users. |
| Invoices around $10,000 | Not comparable | Neither platform publishes full pricing for Indian users. |
| Need: incorporated businesses that hold and convert multiple currencies in one account, often with a Hong Kong presence | Currenxie | Currenxie is built for this. |
| Need: large enterprises accepting card and UPI payments from Indian shoppers | Adyen | Adyen is built for this. |
How do Currenxie and Adyen compare at a glance?
| Attribute | Currenxie | Adyen |
|---|---|---|
| Best for | Incorporated businesses holding multiple currencies, often with Hong Kong presence | Large enterprises accepting card and UPI from Indian shoppers |
| Fees | USD 0.75 per local collection, USD 8.00 SWIFT, USD 3.00 India payout | Indicative $0.13/txn + Interchange++ + 0.60% for cards; custom pricing |
| FX markup | States mid-market + 0.50% for INR (0.35% majors) | Not confirmed: reference rate + contract-set FX fee, not published |
| Settlement | States same or next business day; India timing not confirmed | INR local payout, up to two days; export timing unpublished |
| FIRA | Not confirmed; no FIRA or FIRC mention | Not confirmed: no FIRA or FIRC provision published |
| Currencies | Holds 15 currencies incl. USD, EUR, GBP, HKD; INR payouts to India | Fees in USD; multi-currency bank accounts; accepts INR from Indian shoppers |
| RBI status | Not confirmed; no RBI claim, licensed elsewhere | States PA-Online and PA-CB-Outward; not independently confirmed |
| Indian individuals | No sole traders or personal accounts | Not confirmed: no offering for Indian individuals |
| Indian businesses | Not confirmed for India-registered companies | Domestic acquiring yes; export receipts not confirmed |
| Limits | Not confirmed | Not confirmed |
How much INR do you receive on $2,000, $5,000 and $10,000 with Currenxie vs Adyen?
Each row applies the platform's published fee, FX markup and GST on the fee to the XE mid-market rate for 4 Nov 2026.
| Platform and invoice | Fee | FX markup | GST | INR received | Cost | Best for |
|---|---|---|---|---|---|---|
| Currenxie, $2,000 | – | – | – | Not published | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Currenxie, $5,000 | – | – | – | Not published | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Currenxie, $10,000 | – | – | – | Not published | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Adyen, $2,000 | – | – | – | Not published | – | Large enterprises accepting card and UPI from Indian shoppers |
| Adyen, $5,000 | – | – | – | Not published | – | Large enterprises accepting card and UPI from Indian shoppers |
| Adyen, $10,000 | – | – | – | Not published | – | Large enterprises accepting card and UPI from Indian shoppers |
What is Currenxie and who is it for?
Currenxie is a Hong Kong headquartered payments company that offers a multi-currency Global Account with local virtual account details in several countries, FX conversion and outbound payments. It accepts companies only, not sole traders or personal use. An incorporated business could collect from foreign clients into its Currenxie balances and send INR to an Indian bank account through Currenxie's local India payout, but Currenxie publishes no India-specific onboarding, compliance or FIRA information.
- Regulated by: Not confirmed. Currenxie does not state any RBI authorisation; it lists licences or registrations in Hong Kong, the UK, Ireland, South Africa, Australia and Canada
- Used by: Not confirmed for India-registered companies. Currenxie states it welcomes 'businesses registered in most countries, except those that are currently under international sanctions or deemed high risk' (India is not on its prohibited list) and cannot onboard US-registered businesses; it does not state which entity would contract with an Indian company
- Best for: Incorporated businesses that hold and convert multiple currencies in one account, often with a Hong Kong presence
What is Adyen and who is it for?
Adyen is a Netherlands-headquartered payment platform for enterprise merchants. Its India page states it has operated in India since 2018 and holds RBI authorisations for domestic online payments and cross-border outward payments, which cover global brands collecting INR from Indian shoppers. It does not publish a product for Indian freelancers or exporters to receive foreign client payments into an Indian bank account.
- Regulated by: States it holds RBI authorisations for domestic (PA-Online) and cross-border outward (PA-CB-Outward) payments; not independently confirmed on an RBI list
- Used by: Indian businesses can use Adyen for domestic online acquiring (PA-Online, as stated by Adyen); use for receiving export payments from foreign clients is not confirmed
- Best for: Large enterprises accepting card and UPI payments from Indian shoppers
How do Currenxie and Adyen fees and FX markup compare?
What does Currenxie charge?
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: Local payment to virtual account details (US, UK, Eurozone, Hong Kong, Japan, Australia, Canada, Mexico) | USD 0.75 per transfer | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Receiving: SWIFT payment received into the Hong Kong multi-currency account | USD 8.00 per transfer | Correspondent bank fees may apply and are outside Currenxie's control | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Receiving: Inter-client transfer from another Currenxie client | Processing fee waived; standard FX fees and any applicable non-standard fees still apply | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Currency conversion to INR | States it uses the genuine mid-market rate plus a published FX fee: 0.50% for exchanges involving INR (Tier 3), 0.35% for major currencies such as USD, EUR and GBP; INR exchanges are excluded from volume-based FX discounts | When foreign currency is converted | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Payout to an Indian bank | Convert balances to INR at mid-market plus a 0.50% FX fee, then send a local INR payment to an Indian bank account for USD 3.00 per transfer. Currenxie states new beneficiaries typically take one business day to activate; delivery time to India is Not confirmed | When INR is sent to your account | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Additional virtual account (one-time provisioning) | USD 8.00 | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Inbound payment with incorrect beneficiary name | USD 40 | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Returning an inbound payment | USD 50 | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Payment collection for offshore registered companies | 0.05% of received amount | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Global Account set up for offshore jurisdictions or listed industries | USD 50 | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Dormant account reactivation (no outgoing activity for 12 months) | USD 50 | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Team Visa cards (Hong Kong companies) | HKD 50 per month for up to 5, HKD 15 per additional card | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Global Account set up for complex corporate structures (three or more layers of ownership) | USD 500 | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Global Account set up for companies with nominee shareholders | USD 250 | – | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| GST on fees | Not confirmed. Currenxie does not state whether Indian GST applies to its fees | Applies to the platform's fee | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
What does Adyen charge?
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: International card payments (Visa/Mastercard) via online checkout | $0.13 + Interchange++ + 0.60% (indicative, global pricing page) | Availability for an Indian exporter collecting from foreign cardholders is not confirmed | Large enterprises accepting card and UPI from Indian shoppers |
| Receiving: Local bank transfer account details for foreign clients | Not confirmed | Not offered as a published product for Indian recipients | Large enterprises accepting card and UPI from Indian shoppers |
| Currency conversion to INR | Not confirmed: Adyen converts at its FX reference rate plus an FX management fee (spread); how the spread is calculated is set in the merchant's contract and by default differs by currency category (USD category one, INR category two); no figure is published | When foreign currency is converted | Large enterprises accepting card and UPI from Indian shoppers |
| Payout to an Indian bank | Adyen's payout currency docs list INR as the settlement currency for its India acquiring connection, with funds held in India and paid out locally, and say INR can only be paid out to a local bank account in India (SWIFT payouts are not supported for INR). Payout fees and any route for export proceeds are not published. | When INR is sent to your account | Large enterprises accepting card and UPI from Indian shoppers |
| Setup or monthly fee | None, per pricing page | – | Large enterprises accepting card and UPI from Indian shoppers |
| Minimum invoice | Depends on industry or business model (not published) | – | Large enterprises accepting card and UPI from Indian shoppers |
| American Express | $0.13 + 3.95% global (indicative) | – | Large enterprises accepting card and UPI from Indian shoppers |
| UPI | $0.13 + defined by funding source used (India pricing page, indicative) | – | Large enterprises accepting card and UPI from Indian shoppers |
| RuPay | $0.13 + on request (India pricing page) | – | Large enterprises accepting card and UPI from Indian shoppers |
| GST on fees | Adyen's help centre lists Adyen India service invoices with GST: 'GST rate 18% if the merchant is in Maharashtra. Or CGST of 9% and SGST of 9% if the merchant is located outside Maharashtra', as worded on the page. Either way the total is 18% on Adyen's service fees. | Applies to the platform's fee | Large enterprises accepting card and UPI from Indian shoppers |
How do Currenxie and Adyen compare on settlement speed?
- Currenxie: States funds collected through virtual accounts are instantly available in the Global Account and that outgoing payments usually arrive on the same or next business day depending on the beneficiary bank's location; India-specific delivery time is Not confirmed
- Adyen: Adyen's docs list INR as the settlement currency for its India acquiring connection, paid out locally to a bank account in India, and say payouts can take up to two days to arrive depending on the currencies and banks involved; no timeline for export receipts is published
| Platform | Settlement to India | Payout route | Best for |
|---|---|---|---|
| Currenxie | States same or next business day; India timing not confirmed | Mid-market + 0.50% FX, USD 3.00 per INR transfer; timing not confirmed | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Adyen | INR local payout, up to two days; export timing unpublished | INR to local Indian bank account only; payout fees not published | Large enterprises accepting card and UPI from Indian shoppers |
Do Currenxie and Adyen provide FIRA and e-BRC, and are they RBI PA-CB authorised?
| Platform | FIRA and e-BRC | RBI status | Checked | Best for |
|---|---|---|---|---|
| Currenxie | Not confirmed; no FIRA or FIRC mention | Not confirmed; no RBI claim, licensed elsewhere | 30 Sept 2026 | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Adyen | Not confirmed: no FIRA or FIRC provision published | States PA-Online and PA-CB-Outward; not independently confirmed | 30 Sept 2026 | Large enterprises accepting card and UPI from Indian shoppers |
Which currencies, countries and payment methods do Currenxie and Adyen support?
| Platform | Currencies | Payment methods | Indian individuals | Indian businesses | Best for |
|---|---|---|---|---|---|
| Currenxie | Holds 15 currencies incl. USD, EUR, GBP, HKD; INR payouts to India | Local payment to virtual account details (US, UK, Eurozone, Hong Kong, Japan, Australia, Canada, Mexico); SWIFT payment received into the Hong Kong multi-currency account; Inter-client transfer from another Currenxie client | No sole traders or personal accounts | Not confirmed for India-registered companies | Incorporated businesses holding multiple currencies, often with Hong Kong presence |
| Adyen | Fees in USD; multi-currency bank accounts; accepts INR from Indian shoppers | International card payments (Visa/Mastercard) via online checkout; Local bank transfer account details for foreign clients | Not confirmed: no offering for Indian individuals | Domestic acquiring yes; export receipts not confirmed | Large enterprises accepting card and UPI from Indian shoppers |
What are the strengths and limitations of Currenxie and Adyen?
Currenxie
- Published pricing: collection, payout, SWIFT and FX fees are listed in USD on the pricing page
- Low collection fee: USD 0.75 per local payment received into a virtual account
- Several currencies: local receiving details in eight regions in one account
- Multiple licences: holds licences or registrations in Hong Kong, the UK, Ireland, South Africa, Australia and Canada
- Companies only: does not offer accounts to sole traders or for personal use, so Indian freelancers cannot open one
- No India-specific information: Currenxie publishes no FIRA, purpose code, GST or RBI information for Indian clients
- FX cost on INR: 0.50% fee for exchanges involving INR, with no volume discount, on top of the USD 3.00 payout fee
- Extra fees: non-standard fees apply, for example USD 40 to USD 75 for recalls, returns and amendments, and set-up fees for offshore or complex structures
Adyen
- Pricing transparency: Interchange++ model with published indicative scheme markup
- India presence: States local operations since 2018 and its own RBI authorisations
- Payment methods: UPI, cards and local rails for Indian shoppers
- Scale: Built for enterprise merchants with high volumes
- Not for export receipts: Published RBI authorisation is PA-CB-Outward (Indian shoppers paying foreign merchants), not inward export collection
- Enterprise focus: Minimum invoice depends on industry or business model; onboarding through sales
- No individuals: No published route for Indian freelancers or individuals
- Opaque totals: interchange varies per card, published fees are labelled indicative, and the FX management spread is set in the contract rather than published
Should you choose Currenxie or Adyen?
- Choose Currenxie if: you need incorporated businesses that hold and convert multiple currencies in one account, often with a Hong Kong presence.
- Choose Adyen if: you need large enterprises accepting card and UPI payments from Indian shoppers.
For example, an exporter billing $5,000 a month: Neither platform publishes full pricing for Indian users.
Which other platforms should you consider besides Currenxie and Adyen?
Other covered platforms ranked by the INR received on a $5,000 invoice.
| Platform | Fees | FX markup | FIRA | INR on $5,000 | Best for |
|---|---|---|---|---|---|
| Skydo | $19 up to $2,000, $29 to $10,000, 0.3% above + GST | States zero FX margin at live rate | States instant, free FIRA per payment | ₹4,69,932 | Indian freelancers and exporters receiving mid to large B2B invoices |
| Razorpay | 1% per bank transfer (Rs 1,000 flat below Rs 1,00,000) + GST | States 0% markup on MoneySaver at live rate | FIRS within 24 hours of settlement; no charge listed | ₹4,67,587 | Indian businesses and freelancers on Razorpay invoicing foreign clients |
| Kotak Mahindra Bank | No inward, FIRC, SWIFT fee on current accounts; GST on conversion | Card rate, markup not published; 1.71% below mid-market on 7 Oct 2026 | Nil FIRC on current accounts; savings Rs 100 or nil | ₹4,64,572 | Service exporters wanting a current account without inward remittance fees |
| HDFC Bank | No inward charge; physical FIRC INR 200 + taxes; GST on conversion | Card rate ~1.79% below mid-market on 6 Oct 2026; markup unpublished | Physical FIRC INR 200; emailed advice free for trade | ₹4,64,194 | Existing HDFC customers wanting free SWIFT receipts or EEFC accounts |
How did we verify this?
Fees, FIRA terms and RBI status were checked on each platform's own pages and RBI sources on 30 Sept 2026. INR figures use the XE mid-market rate for 4 Nov 2026. The formula is on the methodology page.
- Currenxie Pricing, Collect local payments USD 0.75 per transfer; Send local payments (... India ...) USD 3.00 per transfer; Tier 3 (... INR ...) 0.50% (checked 7 Oct 2026)
- Currenxie homepage (checked 6 Oct 2026)
- Who can apply? (Global Account), "We do not offer accounts for Sole Traders or for personal use." (checked 7 Oct 2026)
- Is Currenxie regulated? (checked 6 Oct 2026)
- What documents are needed for opening a Global Account? (checked 6 Oct 2026)
- What documents can I use as proof of address? (checked 6 Oct 2026)
- Which countries and currencies are included in the Currenxie payment network? (checked 6 Oct 2026)
- What countries can I send and receive payments to and from? (checked 6 Oct 2026)
- What exchange rate is used for foreign exchange? (checked 6 Oct 2026)
- Schedule of additional and non-standard fees, Global Account set up for complex corporate structures (for companies that have three or more layers of ownership) $500; Global Account set up for nominee shareholdings $250 (checked 7 Oct 2026)
- Are there any correspondent bank fees for transfers made with a Currenxie account? (checked 6 Oct 2026)
- Who can apply? (Currenxie Card) (checked 6 Oct 2026)
- Why does my account confirmation letter show Currenxie Technologies Limited? (checked 6 Oct 2026)
- Are there any fees associated with inter-client transfers? (checked 6 Oct 2026)
- How do I send payments? (checked 6 Oct 2026)
- What is volume-based pricing? (updated 17 Sep 2026), "Out of scope currencies include: Any exchange with IDR, INR, MYR" (checked 7 Oct 2026)
- Adyen India, Established in India since 2018; RBI PA-Online and PA-CB-Outward authorisations (checked 7 Oct 2026)
- Adyen pricing (India), Indicative fees: $0.13 fixed; Visa/Mastercard Interchange++ + 0.60%; Amex 3.95%; UPI defined by funding source; RuPay on request; minimum invoice depends on industry or business model; the fees outlined above are indicative; no monthly, set-up, integration or closure fees (checked 7 Oct 2026)
- Adyen pricing (global), Fixed processing fee plus payment-method fee; no setup or monthly fees; minimum invoice depends on industry (checked 6 Oct 2026)
- India expansion made easy, Accept online payments in INR from Indian shoppers with Adyen's own RBI licences (checked 6 Oct 2026)
- Adyen Visa payment method (India), Visa: $0.13 + Interchange+ + 0.60%; no monthly fees, set-up fees, integration fees or closure fees; INR not listed among settlement currencies (checked 7 Oct 2026)
- Adyen currency codes and FX management fee, Adyen applies a foreign currency exchange rate when a currency conversion takes place (FX reference rate) and charges an FX management fee, or spread, which by default differs based on the currency category; category one: AUD, CAD, DKK, EUR, GBP, HKD, JPY, NOK, NZD, PLN, SEK, USD, ZAR; category two: all other currencies; how this fee is calculated is included in your contract with Adyen (checked 7 Oct 2026)
- What kind of tax is applied to my invoice? (Adyen), Adyen India: GST rate 18% if the merchant is in Maharashtra. Or CGST of 9% and SGST of 9% if the merchant is located outside Maharashtra (checked 7 Oct 2026)
- Adyen Docs: Supported payout currencies, India (IN): settlement currency INR, funds held in India, local payout; certain currencies can only be paid out to a local bank account within a country or region where that currency is the official legal tender: BRL, INR, MYR, MXN, and AED; SWIFT payouts are not supported for these currencies (checked 7 Oct 2026)
- Adyen Docs: Getting paid, Depending on the currencies and banks involved, it may take up to two days for the payout funds to arrive in your account; like-for-like (no currency conversion) settlement if the currency is also supported as a settlement currency by the payment method (checked 7 Oct 2026)
FAQs about Currenxie vs Adyen
Is Currenxie or Adyen cheaper for receiving USD in India?
Neither platform publishes full pricing for Indian users. At $2,000: Neither platform publishes full pricing for Indian users. At $10,000: Neither platform publishes full pricing for Indian users. Figures use each platform's published pricing and today's reference rate, so check both pricing pages before you decide.
Which is faster, Currenxie or Adyen?
Currenxie states funds collected through virtual accounts are instantly available in the Global Account and that outgoing payments usually arrive on the same or next business day depending on the beneficiary bank's location; India-specific delivery time is Not confirmed. Check the platform's own pricing page before relying on these figures.
Do Currenxie and Adyen both provide a FIRA?
Currenxie: Not confirmed. Currenxie does not mention FIRA or FIRC on its pricing page or in its help centre. Adyen: Not confirmed: no FIRA or FIRC provision is published. A FIRA or FIRC is used as proof of export for GST refunds and income tax records, so confirm how each platform issues it before you invoice.
Are Currenxie and Adyen authorised by RBI?
Currenxie: Not confirmed. Currenxie does not state any RBI authorisation; it lists licences or registrations in Hong Kong, the UK, Ireland, South Africa, Australia and Canada. Adyen: States it holds RBI authorisations for domestic (PA-Online) and cross-border outward (PA-CB-Outward) payments; not independently confirmed on an RBI list.
Can Indian freelancers use both Currenxie and Adyen?
Currenxie, individuals: No. Currenxie states it does not offer accounts for sole traders or for personal use Adyen, individuals: Not confirmed: Adyen does not publish an offering for Indian resident individuals or freelancers Eligibility can change, so confirm on each platform's sign-up pages.
Should I switch from Currenxie to Adyen?
Switch only if Adyen pays more on your usual invoice size or fits how your clients pay. Keep the Currenxie account open until every invoice sent with its details is paid, and download your FIRA or FIRC records first. Check the platform's own pricing page before relying on these figures.