rivexa Unveils Pioneering Cross-Border Trade Payment Solution for Indian Exporters

rivexa, a TATA Steel and SAIL joint venture, introduced a new cross-border trade payment solution aimed at Indian exporters. Announced during the 'rivOlution 2025' event, this solution leverages the IFSCA regulatory framework to minimize delays, enhance transaction visibility, and streamline compliance, supporting seamless global trade finance activities.

Kolkata, West Bengal – Rivexa by mjunction Services Limited has launched an innovative cross-border trade payment solution designed to assist Indian exporters. The announcement took place at the 'rivOlution 2025' event, which explored the evolution of India's financial ecosystem for exporters.

The new service minimizes settlement delays, enhances traceability, and simplifies compliance. Developed under the regulatory oversight of the International Financial Services Centres Authority (IFSCA), the solution aligns closely with modern financial frameworks and technologies available at Gujarat International Finance Tec-City (GIFT City).

Attendees at the event, including representatives from IFSCA, RXIL Global, and Glomopay, discussed advancements like the International Trade Financing Services (ITFS) platform. These efforts underscore the growing support for Indian exporters in accessing international liquidity while managing cross-border receivables efficiently and compliantly.

(With inputs from agencies.)