Rivexa Launches New Cross-Border Payment Solution for Exporters

26 Nov 2025 CW Team

The announcement was made during ‘rivOlution 2025: Demystifying the World of Export and Finance’, the platform’s flagship outreach event held last week. Organised in collaboration with IFSCA, RXIL Global IFSC Limited and Glomopay Private Limited, the event drew senior officials from partner organisations and members of rivexa’s exporter community.

Vinaya Varma, Managing Director of mjunction Services Limited, said the initiative reflects rivexa’s continued effort to simplify the export journey. By strengthening the platform’s payment infrastructure under the IFSCA framework, he said, exporters—particularly MSMEs—can operate with greater clarity and confidence.

IFSCA serves as the unified regulator for financial products, services and institutions within International Financial Services Centres. RXIL Global provides cross-border receivables financing, enabling exporters to discount invoices and access international liquidity, while Glomopay offers compliant multi-currency payment solutions tailored for business needs.

The rivOlution 2025 conference highlighted how India’s regulatory and financial ecosystem is evolving to support exporters, with a particular focus on opportunities within the Gujarat International Finance Tec-City (GIFT City), the country’s international financial hub. Speakers discussed the expanding role of digital platforms such as the International Trade Financing Services (ITFS) platform, which provides access to global trade finance, invoice discounting and factoring.

IFSCA representatives outlined recent reforms aimed at strengthening the global financing framework for Indian businesses, including the role of IFSC Banking Units in facilitating foreign currency accounts and easing settlement processes. Delegates were also briefed on how ITFS platforms help MSMEs secure competitive financing and maintain predictable cash flows.

The event additionally marked the formal announcement of rivexa’s partnership with Glomopay Private Limited. The integration now enables exporters using rivexa to receive payments in multiple foreign currencies and repatriate funds into their authorised dealer (AD1) bank accounts in India. Exporters benefit from standardised bank charges, shorter settlement cycles and enhanced transaction visibility, with Foreign Inward Remittance Advice (FIRA) generated automatically for compliance.

FIRA is an official document issued by banks confirming receipt of foreign exchange against export transactions. The collaboration is expected to address challenges surrounding payment tracking, reconciliation and regulatory documentation for Indian manufacturers and exporters.

rivexa by mjunction Services Limited has introduced a new cross-border trade payment solution designed to streamline global transactions for Indian exporters registered on its platform. Developed within the regulatory framework of the International Financial Services Centres Authority (IFSCA), the system aims to reduce settlement delays, improve traceability and simplify compliance for MSMEs engaged in international trade.The announcement was made during ‘rivOlution 2025: Demystifying the World of Export and Finance’, the platform’s flagship outreach event held last week. Organised in collaboration with IFSCA, RXIL Global IFSC Limited and Glomopay Private Limited, the event drew senior officials from partner organisations and members of rivexa’s exporter community.Vinaya Varma, Managing Director of mjunction Services Limited, said the initiative reflects rivexa’s continued effort to simplify the export journey. By strengthening the platform’s payment infrastructure under the IFSCA framework, he said, exporters—particularly MSMEs—can operate with greater clarity and confidence.IFSCA serves as the unified regulator for financial products, services and institutions within International Financial Services Centres. RXIL Global provides cross-border receivables financing, enabling exporters to discount invoices and access international liquidity, while Glomopay offers compliant multi-currency payment solutions tailored for business needs.The rivOlution 2025 conference highlighted how India’s regulatory and financial ecosystem is evolving to support exporters, with a particular focus on opportunities within the Gujarat International Finance Tec-City (GIFT City), the country’s international financial hub. Speakers discussed the expanding role of digital platforms such as the International Trade Financing Services (ITFS) platform, which provides access to global trade finance, invoice discounting and factoring.IFSCA representatives outlined recent reforms aimed at strengthening the global financing framework for Indian businesses, including the role of IFSC Banking Units in facilitating foreign currency accounts and easing settlement processes. Delegates were also briefed on how ITFS platforms help MSMEs secure competitive financing and maintain predictable cash flows.The event additionally marked the formal announcement of rivexa’s partnership with Glomopay Private Limited. The integration now enables exporters using rivexa to receive payments in multiple foreign currencies and repatriate funds into their authorised dealer (AD1) bank accounts in India. Exporters benefit from standardised bank charges, shorter settlement cycles and enhanced transaction visibility, with Foreign Inward Remittance Advice (FIRA) generated automatically for compliance.FIRA is an official document issued by banks confirming receipt of foreign exchange against export transactions. The collaboration is expected to address challenges surrounding payment tracking, reconciliation and regulatory documentation for Indian manufacturers and exporters.

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