2 hrs ago

Xflow and HSBC Bring Local Indian Payments to Global Businesses

Xflow partners with HSBC to collect payments from Indian users for global businesses; here's why it is important · livemint.com

Xflow and HSBC are working together to help companies from other countries accept payments from people in India.

Indian customers will be able to use familiar methods such as UPI, cards and net banking.

This turns an international payment into a local-looking transaction at checkout.

That could make it easier for Indian shoppers to complete purchases.

Today, fewer than 70% of some international card payments in India succeed.

Bank transfers can also be slow, costly and require extra paperwork.

UPI makes up about 85% of India’s digital payment volume, and local payment methods reportedly have success rates above 95%.

Global businesses will not need to create an Indian company to use the service.

The solution may help companies selling software, AI products, travel services, goods and online education.

Key facts

Payment methods: Cards, net banking and UPI
Announcement venue: Global Fintech Fest 2026 in Mumbai
International card success rate: Less than 70% of international card transactions in India reportedly succeed
UPI share: Approximately 85% of India’s digital payment volumes
Local payment success rate: More than 95%, according to the announcement
Entity requirement: Merchants do not need to establish an Indian entity to use the solution
Settlement currencies: Merchants can receive settlements in major currencies

livemint.com · 2 hrs ago