Archive · 24 Nov 2025
rivexa Launches Global Payment Solution for Indian Exporters
rivexa, a company owned by TATA Steel and Steel Authority of India, has introduced a new payment solution to help Indian exporters.
This solution makes it easier for exporters to receive money from international sales.
The announcement was made at an event called 'rivOlution 2025' in Kolkata.
The event was attended by important officials from IFSCA, RXIL Global, and Glomopay.
These organizations are working together to make it simpler for Indian businesses to trade globally.
The new solution allows exporters to receive payments in different currencies and manage their money more efficiently.
It also helps with tracking payments and following the rules set by the government.
This makes the process of exporting goods faster and more reliable for Indian businesses.
rivexa introduced a cross-border trade payment solution for Indian exporters, leveraging IFSCA's regulatory ecosystem.
The solution aims to reduce settlement delays, enhance traceability, and simplify compliance for exporters.
The announcement was made at the 'rivOlution 2025' event in Kolkata, attended by senior officials from IFSCA, RXIL Global, and Glomopay.
The event focused on India's evolving regulatory and financial ecosystem, particularly in GIFT City.
rivexa's partnership with Glomopay enables exporters to receive export proceeds in multiple foreign currencies and repatriate funds to their AD1 bank accounts in India.
- Who
- rivexa by mjunction Services Limited, IFSCA, RXIL Global, Glomopay
- What
- Launch of a global payment solution for Indian exporters
- When
- November 21, 2025
- Where
- Kolkata, India
- Why
- To streamline cross-border trade payments and support exporters
- Company
- rivexa by mjunction Services Limited
- Partners
- IFSCA, RXIL Global, Glomopay
- Event
- rivOlution 2025
- Location
- Kolkata, India
- Date
- November 21, 2025
- Key Feature
- Multi-currency collection accounts
- Benefit
- Reduced settlement delays and enhanced compliance