Cashfree Payments partners with JP Morgan Payments for cross-border transactions
Cashfree Payments has partnered with JP Morgan Payments to process import transactions, with the US banking giant becoming an Authorised Dealer Category-I (AD-I) bank for the Indian payments firm under the Reserve Bank of India’s payment aggregator regulations.
Cashfree on the partnership
The collaboration will allow global businesses to enter the Indian market without setting up a local entity or managing manual approvals for high-value imports, Cashfree said in a statement.
