Current Affairs - Finance - Discussion

Razorpay launched its Multi-Currency EEFC Account solution on August 24, 2026, to help exporters receive international payments directly in foreign currencies. The solution allows earnings to be credited to Exchange Earners’ Foreign Currency (EEFC) accounts in the original transaction currency, including USD, EUR, GBP, AED and SGD. It helps businesses reduce foreign exchange conversion cycles, minimise FX leakage and lower associated costs. The service is integrated into Razorpay’s existing dashboard and settlement engine, so merchants do not need separate onboarding or additional setup. Razorpay, established in 2014 and headquartered in Bengaluru, operates as an omnichannel payments platform for businesses.