Banking Circle PayGlocal Tie Up to Ease Global Payments for Indian Merchants

Banking Circle has partnered with Indian payments company PayGlocal to enable fast and easy international payment collections for Indian marketplace sellers and exporters. With this partnership, Indian merchants will be able to collect money from the most important foreign markets such as Europe, the UK, and Australia via Banking Circle's local clearing rails and virtual account infrastructure.

The collaboration will enable merchants to handle international collections via a single API, increasing speed and transparency, while decreasing settlement times. PayGlocal, Reserve Bank of India-licensed, already accommodates multi-currency payment methods and will add Australian Dollars to its suite, along with US Dollars, Euros, and British Pounds.

Key Highlights-

• Partnership enables faster international payment collections for Indian exporters and sellers
• Indian merchants gain single API access to collect payments from key global markets
• PayGlocal adds Australian Dollar support alongside existing multi currency options

“This collaboration with PayGlocal is a significant step in reducing friction for Indian exporters and enhances our presence in India,” said Mishal Ruparel, Chief Commercial Officer at Banking Circle. “By combining our local clearing network with PayGlocal’s merchant-focused platform, we’re enabling faster, cost-effective cross-border payments that support India’s growing role in global trade.”

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Through the use of local clearing access, Indian companies can circumvent delays and the exorbitant cost usually involved with the use of conventional correspondent banking networks. The collaborative effort is geared towards satisfying increasing demand from Indian merchants to expand their operations globally.

Rohit Sukhija, Co-founder & Chief Product Officer at PayGlocal said, “PayGlocal facilitates Indian companies to go global by providing them with the capability to move funds quickly, compliantly, and without hassle — which is essential. This partnership with Banking Circle reinforces that foundation by merging reputable infrastructure, regulatory compliance, and shared intent behind addressing real merchant problems at scale.”

Both companies intend to expand on this alliance to grow their services for Indian companies further.