Currenxie vs PayU: which is better for international payments in 2026?
- Currenxie is cheaper on headline fees than almost anything else, but it issues no FIRA and no eBRC
- PayU is a domestic-first gateway with full RBI authorisation, but its international product is a card checkout, not a collections account — so B2B invoicing doesn't fit
- Which one is better comes down to your priorities - fees, FIRA handling, and how your clients prefer to pay
Accept payment from 150+ countries
USD
Client pays
USD 100USD 100,000
1 USD = 85.00 INR
Live fx rateYou'll receiveINR
₹4,22,091
Currenxie
₹4,21,997
You lose:0.7%
PayU
₹4,01,455
You lose:5.5%
100+ reviews
Trusted by 40,000+ businessesOver $1B processed • Licensed by RBI
Currenxie vs PayU: understanding the key differences
Both Currenxie and PayU are well-known names for international payments, but they differ in who can use them from India, fees, export documentation like FIRA, GST compliance, settlement timelines, and support. Here is how they compare side by side.| Features | Currenxie | PayU |
|---|---|---|
| Transfer fees | $0.75 per local collection, $8 per SWIFT transfer | 3% on international cards (2% domestic) |
| Forex markup | 0.35-0.5% on conversion | 1.5-2.5% (anecdotal) |
| FIRA | Not issued — no RBI authorisation | Not documented publicly |
| eBRC | Not supported | Not documented |
| GST-compliant invoice | Not available | Not published |
| Settlement time | 1-2 business days once instructed | T+2 standard (domestic) |
| Customer support | Email and help centre, no India team | India-based, ticket and email |
| Best suited for | Cheap multi-currency payouts for registered companies | Consumer checkout, recurring card billing |
Currenxie vs PayU: pricing and forex breakdown
Beyond the published fees, the real cost is what lands in your bank after fees, forex and GST. Move the slider to see what each one works out to, and how Skydo compares.With Skydo, you receive₹8,47,091
Money transferUSD 10,000
$500$10K$100K$1M
Currenxie0.35-0.5% markup
₹8,44,872Exchange rate84.58
Forex markup₹4,250
Transfer fee₹0
Fixed fee₹744
GST (18%)₹134
Total fees₹5,128
You receive₹8,44,872
PayU1.5-2.5% markup
₹8,02,910Exchange rate83.30
Forex markup₹17,000
Card fee₹25,500
Fixed fee₹0
GST (18%)₹4,590
Total fees₹47,090
You receive₹8,02,910
Currenxie vs PayU: compliance, payment rails, and platform comparison
Compliance
Payment Rails
Platform & Support
Currenxie
- No FIRA issued at all, Currenxie holds no RBI authorisation
- No eBRC, generate manually through DGFT
- No GST-compliant invoicing for India
- No purpose code set on the inward credit
- SOFTEX and EDPMS handled entirely by your bank
PayU
- FIRA handling is not documented publicly at all
- No eBRC generation documented for exporters
- No documented GST-compliant sales invoicing
- Purpose code handling is not documented publicly
- Card checkout only, and no bank transfer collections
Currenxie vs PayU: which one is right for you
There is no single winner. The right pick depends on who pays you, how large your invoices are, and how much paperwork you can handle.01Currenxie
Choose Currenxie if:
You are a registered company that wants the cheapest multi-currency collection and payouts, and handles Indian compliance separately.- Registered company — Currenxie refuses sole traders
- Main cost is FX on collections and supplier payouts
- You can run FIRA and export paperwork through your bank and CA
- You value 120+ country SWIFT reach over India-specific compliance
02PayU
Choose PayU if:
You want PayU's domestic reach and can absorb 3% plus a 1.5 to 2.5% forex markup on top.- Consumer e-commerce brand selling to buyers overseas
- Ed-tech or SaaS business billing global customers by card
- Business already running PayU for domestic payments
- Seller who needs recurring card billing
Skydo: a better alternative to Currenxie and PayU
| Features | Currenxie | PayU | |
|---|---|---|---|
| Settlement time | 1-2 business days | T+2 (domestic) | 24 hours |
| Forex markup | 0.35-0.5% | 1.5-2.5% (anecdotal) | Zero, live rate |
| Transaction fee | $0.75 local, $8 SWIFT | 3% intl cards | $19 up to $2k, $29 up to $10k, 0.3% aboveBest |
| FIRA | Not issued | Not documented | Free, instant, per payment |
| eBRC and EDPMS | Not supported | Not documented | One-click eBRC, EDPMS closure assistance |
| GST invoicing | Not available | Not published | Built in, GST compliant |
| Customer support | Email only, no India team | India-based tickets | India-based, on WhatsApp, call and email |
| Payment tracking | Real-time dashboard | Dashboard reports | Auto tracked, remittance to bank deposit |
| RBI authorisation | No RBI authorisation | Full PA aggregation (2025) | Full PA-CB authorized |
Losing money on each transfer but not sure how much?
See what our clients say about us
100+ reviews
Trusted by 40,000+ businesses
“I'm looking for straightforward, transparent pricing. With most payment providers, it's hard to understand the actual fees and exchange rates, making it difficult to know what I'm really paying.”ShashankCEO, HCODE
Frequently asked questions
Which is better, Currenxie or PayU, for international payments in 2026?+−
It comes down to how your clients pay you and how much compliance you want handled. Currenxie is cheaper on headline fees than almost anything else, but it issues no FIRA and no eBRC and refuses sole traders. PayU is a domestic-first gateway with full RBI authorisation, but its international product is a card checkout, not a collections account — B2B invoicing does not fit. Currenxie suits cheap multi-currency collection for registered companies, while PayU suits consumer checkout and recurring card billing.
Is Currenxie cheaper than PayU?+−
Usually yes. Currenxie charges $0.75 to collect a local payment, $8 per SWIFT transfer, and 0.35 to 0.5% on conversion, roughly 0.5 to 0.9% all in — but issues no FIRA at all. PayU lists 3% for international cards, with an anecdotal 1.5 to 2.5% forex markup on top, landing near 5% all in. Currenxie is generally cheaper — but it issues no FIRA or eBRC, leaving the export paperwork entirely to your bank and CA, though what actually lands in your bank depends on invoice size.
Which provides better exchange rates, Currenxie or PayU?+−
Currenxie. Currenxie converts at 0.35% on major currencies and 0.50% on INR, while PayU carries an anecdotal 1.5 to 2.5% forex markup on top of the card MDR.
Do Currenxie and PayU provide FIRA for Indian exporters?+−
Currenxie issues no FIRA — it holds no RBI authorisation of any kind. PayU does not document FIRA provision publicly for exporters. For GST refunds and export compliance an instant per-payment FIRA matters — Skydo issues one free with every payment.
Are Currenxie and PayU RBI-approved for receiving payments in India?+−
Currenxie holds no RBI authorisation — it is not an AD bank or a PA-CB. PayU holds full RBI authorisation across online, offline and cross-border payment aggregation (2025).
Is Currenxie or PayU better for freelancers or businesses?+−
Registered companies whose main cost is FX on collections and payouts lean towards Currenxie — sole traders are refused. Consumer e-commerce brands selling to overseas buyers at checkout lean towards PayU.
Is there a better alternative to Currenxie and PayU for receiving money in India?+−
Skydo is built for Indian exporters and freelancers. It charges a flat fee ($19 up to $2k, $29 up to $10k, 0.3% above) that works out cheaper than a percentage fee as invoices grow, with zero forex markup, instant FIRA on every payment, one-click eBRC and EDPMS closure assistance, built-in GST-compliant invoicing, full RBI PA-CB authorisation, and India-based support.
Ready to save more on international payments?
Start receiving global payments with Skydo and keep more of what you earn.Bengaluru, Karnataka
Second Floor, Indiqube Serenity, Phase 2, 31, Hosur Rd,near Vishal Megamart, Muneswara Nagar, Sector 6, HSR Layout,Bengaluru, Karnataka, 560068
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