Fairexpay, a pioneer in digital payment solutions, today announced a strategic partnership with RemitX, a division of Capital India Finance Limited and a leading player in the foreign exchange and remittance industry. This collaboration marks a significant milestone in revolutionizing the way Indians manage their cross-border financial transactions.
* Strategic alliance combines Fairexpay’s digital innovation with RemitX’s remittance expertise to deliver seamless international payment experiences
“I am thrilled to announce our strategic partnership with RemitX, a leading name in the foreign exchange and remittance industry,” said Bhaskar Saravana, CEO of Fairexpay. “Together, we aim to simplify and enhance the way individuals and businesses manage international transactions, offering lower FX costs, faster processing, and seamless digital experiences. This collaboration underscores our shared vision of making global remittances more accessible, transparent, and efficient.”
Transforming India’s Remittance Landscape with Digital Innovation
Fairexpay addresses this demand through its comprehensive digital platform offering:
* Multiple Digital Payment Options: Seamless transactions through UPI, net banking, and card payments
* Digital KYC: Paperless customer verification that eliminates traditional documentation hassles
* Payer & Beneficiary Validation: Advanced verification systems ensuring transaction security
This partnership comes at a time when UPI transactions in India have reached unprecedented levels, processing over 10 billion transactions monthly, demonstrating the country’s rapid shift toward digital financial solutions.
Ravindran Menon, CEO of Capital India Finance Limited – RemitX, expressed his enthusiasm about the partnership: “Partnering with Fairexpay has been one of the best decisions for our business. Their expertise in online solutions to their partners perfectly complements our strengths, allowing us to grow faster and to serve the net-savvy customers better. Our collaboration has been built on trust, transparency, and a shared vision for success. We have tackled challenges to find solutions together, and we are looking forward to continued success along with Fairexpay.”
The alliance is particularly focused on addressing the needs of Indian students studying abroad and emigrants, who require reliable, cost-effective means to manage tuition payments, living expenses, and family support. With over 1.3 million Indian students studying overseas and significant emigration flows, this partnership directly addresses a crucial market segment’s financial needs.
“The shift from traditional money transfers to direct bill payments is bringing real, measurable benefits to Indians worldwide,” noted Saravana. “Our platform eliminates multiple currency conversions and reduces transfer fees that have long eaten into hard-earned money, providing students and working professionals abroad with greater control and visibility over their finances.”
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