Currenxie vs PayU (2026): Which Is Better for Receiving International Payments in India?

Each row applies the platform's published fee, FX markup and GST on the fee to the XE mid-market rate for 3 Nov 2026.

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

PayU is an Indian payment gateway that lets merchants accept online payments through cards, UPI, net banking and wallets. For overseas customers, it accepts international credit and debit cards and PayPal at checkout, converts the amount to INR and settles to the merchant's Indian bank account. It is a checkout tool. It does not give users foreign bank account details for receiving bank transfers.

• Regulated by: Not confirmed. PA-CB status could not be verified on rbi.org.in, and PayU's pages make no PA-CB claim
• Used by: Yes. New merchants sign up online, and existing merchants enable international payments through help.payu.in or care@payu.in. PayU's international card terms (clause 1.2(b)) say international card processing is provided at PayU's discretion, subject to additional due diligence by PayU, the acquiring banks and the nodal bank, and that approval can be withdrawn at any time
• Best for: Indian businesses taking international card payments on a website or checkout

• 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
• PayU: T+2 business days in INR, as PayU states; same-day and priority settlement offered to some business categories, possibly for a fee

• Choose Currenxie if: you need incorporated businesses that hold and convert multiple currencies in one account, often with a Hong Kong presence.
• Choose PayU if: you need Indian businesses taking international card payments on a website or checkout.

For example, an exporter billing $5,000 a month: Neither platform publishes full pricing for Indian users.

Other covered platforms ranked by the INR received on a $5,000 invoice.

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 3 Nov 2026. The formula is on the methodology page.

1. 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)
2. Currenxie homepage (checked 6 Oct 2026)
3. Who can apply? (Global Account), "We do not offer accounts for Sole Traders or for personal use." (checked 7 Oct 2026)
4. Is Currenxie regulated? (checked 6 Oct 2026)
5. What documents are needed for opening a Global Account? (checked 6 Oct 2026)
6. What documents can I use as proof of address? (checked 6 Oct 2026)
7. Which countries and currencies are included in the Currenxie payment network? (checked 6 Oct 2026)
8. What countries can I send and receive payments to and from? (checked 6 Oct 2026)
9. What exchange rate is used for foreign exchange? (checked 6 Oct 2026)
10. 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)
11. Are there any correspondent bank fees for transfers made with a Currenxie account? (checked 6 Oct 2026)
12. Who can apply? (Currenxie Card) (checked 6 Oct 2026)
13. Why does my account confirmation letter show Currenxie Technologies Limited? (checked 6 Oct 2026)
14. Are there any fees associated with inter-client transfers? (checked 6 Oct 2026)
15. How do I send payments? (checked 6 Oct 2026)
16. What is volume-based pricing? (updated 17 Sep 2026), "Out of scope currencies include: Any exchange with IDR, INR, MYR" (checked 7 Oct 2026)
17. PayU Pricing, 3% for Diners, American Express, EMI, International transactions; 18% GST applicable on all transactions; No set-up fee; standard settlement T+2; custom pricing slabs for higher volumes or enterprise needs, based on payment mode, industry type, risk profile, transaction volume, value-added features and processing requirements; no setup, onboarding or annual fees (checked 7 Oct 2026)
18. PayU International Payments, 135+ currencies; Visa, Mastercard, American Express and PayPal; INR conversion at transaction-date rate; T+2 business days; specific rates via account manager or care@payu.in; compliance with global standards (checked 7 Oct 2026)
19. PayU terms for international card processing and multicurrency payments, 1.2(e): the exchange rate used by PayU for all Authorised Currencies will be the inter-bank rate as decided by the respective banks or card associations and as shared by PayU with the Merchant by issuing the merchant payment report on every Business Day; non-Business Day transactions use the rate of the immediately preceding Business Day; 1.2(b): the International Card Processing Payment Mechanism and the Multicurrency Payment Feature shall be provided solely at PayU's discretion, subject to additional due diligence and criteria specified by PayU and/or Acquiring Banks and the Nodal Bank, who may withdraw approval at any time; 1.2(g): PayU may charge Customers a Currency Calculator Fee at a rate specified at the time of payment, upon the Customer consenting (checked 7 Oct 2026)