Archive · 12 Sep 2026
Xflow and HSBC Bring Local Indian Payments to Global Businesses
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.
Xflow and HSBC announced a partnership to help global businesses collect payments from Indian customers.
The service will support cards, net banking and UPI for online and recurring payments.
Businesses can use India’s local payment infrastructure without establishing an Indian entity or taking on additional local regulatory requirements.
The partnership aims to improve payment success rates, as fewer than 70% of international card transactions in India reportedly succeed.
Merchants can receive settlements in major currencies and send funds worldwide at competitive rates.
- Who
- Xflow and HSBC, with global businesses and Indian customers as the intended users.
- What
- A partnership to enable international merchants to collect Indian payments through local methods including UPI, cards and net banking.
- When
- Announced on Friday during Global Fintech Fest 2026.
- Where
- The announcement was made in Mumbai, and the service is intended for payments from customers in India.
- Why
- To help global businesses overcome low international card-payment success rates, recurring-payment requirements and the cost and complexity of bank transfers.
- 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