Category: payments
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OPGSP stands for Online Payment Gateway Service Provider, the arrangement that let Indian exporters and importers collect and send small cross-border payments through an intermediary tied to a bank, rather than through their own wire transfer. It was never a licence. An OPGSP held no authorisation from the Reserve
Payments & Finance
Form A2 is the application-cum-declaration you sign before your bank sells you foreign exchange and wires it abroad. It tells the Authorised Dealer who is paying, who is being paid, how much, and the part that decides everything downstream - why. It is issued under the Foreign Exchange Management
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If you’ve ever tried sending money from India to another country for your child’s university fees, supporting family, paying a foreign freelancer, or settling an import invoice, you’ve probably felt the confusion first-hand. Between RBI rules, FEMA regulations, bank forms, purpose codes, and all the options
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Let's start with an example, Imagine this - An Indian importer in Delhi finalises a USD 80,000 deal for machine parts.The supplier insists on full advance TT, the importer’s bank suggests a Letter of Credit (LC). If he pays 100% in advance via TT and the
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Every time you send money via NEFT, RTGS, IMPS or UPI in India, the transaction gets a unique code called a UTR number or an equivalent reference. This is what banks use to track your payment, confirm its status, and resolve issues when something goes wrong. If your salary is
Payments & Finance
For two decades, global businesses looked to China as the factory of the world. Today, they're looking at India, not just as a production hub, but as a consumption powerhouse sending billions of dollars abroad every year. As India's private consumption reaches historic highs, the real
Payments & Finance
A global virtual bank account gives your business a local bank account number in the US (ACH routing), UK (sort code), or Europe (IBAN) without opening a physical account in that country. Your international clients pay you like a local transfer. Funds convert and settle into your Indian bank account
Payments & Finance
Topmate is an all-in-one platform that lets creators monetize their expertise through 1:1 calls, webinars, and digital products. But here's the honest truth, most creators earn virtually nothing. Success requires an existing social media following and genuine expertise. Let's break down whether it&
![Why Is Indian Rupee Falling Against Chinese Yuan? [Complete Analysis]](https://storage.ghost.io/c/53/60/5360d126-b8cf-4600-b25b-8ead954e4e80/content/images/size/w600/2026/01/Untitled-design--2--1.png)
Payments & Finance
The Indian rupee has depreciated 6-7.5% against the Chinese yuan in recent months, hitting record lows and creating ripple effects across India's economy. If you're an exporter, importer, investor, or simply someone who sends money to someone in China, this matters to your business.
Payments & Finance
Trading with other nations often involves a lot of rules, procedures, and duties. Managing and sorting products that travel across borders is mainly done with the help of the Harmonized System Code — referred to as the HS Code. When you handle import and export, HS codes are important for putting
Payments & Finance
The Indian income tax landscape has been steadily evolving, with the "New Tax Regime" gaining prominence, especially after the significant revisions in Budget 2023, which continue into FY 2025-26 (Assessment Year 2026-27). This simplified regime, now the default choice, offers lower tax rates but fewer deductions
Payments & Finance
India's income tax system has seen substantial changes as a result of the Union Budget 2025–2026, most notably the "new tax regime." Every taxpayer must understand these changes as we enter the Financial Year 2025–26 (Assessment Year 2026–27) in order to efficiently manage