The partnership aims to help Indian businesses accept international payments through a dedicated service.
Jio Financial Services’ payments business partnered with Citi to launch a cross-border payments service designed to help Indian businesses accept international payments, according to Global Fintech Fest 2026 launch coverage.
Cross-border collections can be operationally complex for businesses, involving payment acceptance, foreign-exchange handling, settlement timelines, reconciliation and compliance checks. A service that brings these elements together could simplify parts of the collection journey for eligible businesses.
Businesses evaluating cross-border payment products should assess supported markets and currencies, settlement timelines, fees, refund handling, reconciliation tools and the compliance responsibilities of each party. Availability and terms may differ by customer segment and transaction type.
The announcement reflects the continued expansion of Indian payment technology beyond domestic UPI and card acceptance into international commerce infrastructure.
BFSI NXT perspective: Cross-border payment innovation is about more than moving money internationally. It must make collections predictable, transparent and operationally manageable for businesses.
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