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IFSC Alliance Partners with Rivexas to Launch Global Payment Platform for Indian Exporters

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  Published in Business and Finance on Monday, November 24th 2025 at 2:21 GMT by ThePrint

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IFSC Alliance Teams Up with Rivexas to Launch a Global Payment Solution for Indian Exporters

In a move that promises to slash costs and speed up cross‑border settlements for India’s exporters, the International Financial Services Centre (IFSC) Alliance announced a partnership with fintech firm Rivexas. The collaboration, unveiled in a press release on ThePrint, is aimed at creating a single, integrated platform that simplifies the entire payments journey for export businesses—from invoicing and currency conversion to settlement and compliance.

Who Are the IFSC Alliance and Rivexas?

IFSC Alliance
Founded in 2020, the IFSC Alliance is a consortium of India’s leading international banks that facilitates trade finance and settlement for overseas transactions. It operates under the regulatory umbrella of the Reserve Bank of India (RBI) and has a robust network of about 24 member banks that provide services such as letters of credit, documentary collections, and structured trade finance solutions. The Alliance’s core mission is to lower the barriers of entry for Indian exporters by streamlining payment flows and offering unified digital interfaces.

Rivexas
Rivexas is a global payment technology platform that leverages blockchain, distributed ledger technology (DLT), and real‑time data analytics to deliver end‑to‑end payment orchestration. Its flagship product, the Rivexas Global Payment Platform (GPP), is a cloud‑based, API‑driven system that allows businesses to pay and receive in multiple currencies without the need for complex reconciliations or correspondent banking arrangements.

The partnership is detailed on the IFSC Alliance website (linked in the article) and on Rivexas’s corporate page, which highlight the complementary strengths of the two firms.

What the New Solution Offers

1. Unified Dashboard for Exporters
   Exporters can now manage invoices, track payment status, and access trade documents all within one web portal. The platform eliminates the need to juggle multiple bank portals or paperwork.

2. Multi‑Currency Support
   The system supports settlement in more than 20 currencies, with instant real‑time foreign‑exchange (FX) rates sourced from the inter‑bank market. This feature removes the lag that exporters often experience when reconciling payments.

3. Lower Transaction Fees
   By cutting out intermediaries and leveraging a direct settlement network, the platform reduces the percentage fee on each transaction. The press release quotes an average cost saving of 30–35% for SMEs that have pilot-tested the system.

4. Speedy Settlement
   Using blockchain for final settlement, payments can reach the exporter’s account within hours, as opposed to the typical 3–5 business days with conventional banking channels.

5. Regulatory Compliance Built‑in
   The platform automatically enforces AML/KYC, sanctions screening, and RBI foreign‑exchange compliance checks. Exporters are no longer required to run separate compliance checks for each transaction.

6. Risk Mitigation
   Rivexas’s real‑time monitoring detects and flags potential fraud or currency‑hedging mismatches, while the IFSC Alliance’s network of banks provides an additional layer of credit assurance.

How the Partnership Works

• API‑First Integration
  Exporters’ accounting software (e.g., SAP, Zoho Books, or QuickBooks) can be plugged into the GPP via secure APIs. This allows automatic upload of invoices and real‑time reconciliation of payments.

• Bank‑Level Access
  Member banks of the IFSC Alliance are already pre‑authorized for direct settlement into the platform’s ledger, bypassing the need for correspondent banks. The partnership therefore leverages existing banking relationships while adding a fintech layer on top.

• Pilot Roll‑Out
  The press release notes that a pilot program has already been launched in the e‑commerce and textile sectors, involving 12 exporters from Karnataka and Tamil Nadu. Early adopters report a 45% reduction in payment cycle time and a 25% drop in hidden fees.

Voices from the Frontline

Rahul Gupta, Managing Director, IFSC Alliance
“India is an export powerhouse, but the cost and complexity of cross‑border payments remain a major bottleneck,” Gupta said. “By joining forces with Rivexas, we’re creating a seamless, cost‑effective channel that democratizes access to global trade finance for SMEs.”

Ananya Sinha, CEO, Rivexas
“Blockchain isn’t just a buzzword; it’s a practical tool that brings transparency and speed to international payments,” Sinha explained. “The IFSC Alliance’s banking network gives us a unique entry point into the Indian market, and together we can deliver a product that meets both regulatory and business requirements.”

Regulatory Context

The RBI’s latest guidelines on the “Payment of Foreign Currency (Foreign Exchange Management Act) Regulations” (PFOC) have made it easier for Indian exporters to settle payments in foreign currencies. The new platform is fully compliant with these regulations, including the mandatory “Know‑Your‑Customer” (KYC) and anti‑money‑laundering (AML) checks. The partnership also aligns with the RBI’s “Digital India” agenda, promoting fintech solutions that support the country’s export growth.

Looking Ahead

According to the IFSC Alliance’s roadmap, the next phase will involve expanding the network to include more banking partners, adding support for digital assets in export transactions, and offering hedging tools that lock in favorable FX rates. Rivexas plans to roll out a suite of analytics dashboards that allow exporters to forecast cash flows and identify payment bottlenecks.

The launch also comes at a time when India’s Ministry of Commerce has pledged to “boost exports by easing payment and settlement procedures.” The partnership therefore not only addresses the practical challenges faced by exporters but also dovetails with broader policy objectives.

Takeaway

The IFSC Alliance‑Rivexas collaboration is a concrete step toward making international trade more accessible, affordable, and transparent for Indian exporters. By combining the Alliance’s deep banking network with Rivexas’s cutting‑edge payment technology, the partnership offers a one‑stop solution that tackles cost, speed, compliance, and risk—all critical factors that can determine the success of a cross‑border transaction. For exporters who have been navigating a labyrinth of banks, currencies, and regulations, the new platform promises a simpler, faster, and more cost‑effective way to bring their goods to market.