PayFX Global simplifies international remittance by providing a secure, transparent, and efficient platform for sending money abroad. Whether you are paying tuition fees to a university, funding a GIC account, supporting family members overseas, paying for medical treatment, or making any other eligible international remittance under RBI guidelines, PayFX Global helps you complete the process quickly and conveniently.

Our goal is simple: International Remittance in Minutes. Through a streamlined digital process, customers can complete documentation, verification, payment, and tracking from a single platform.

How the PayFX Global Process Works

Sending money abroad with PayFX Global involves a simple step-by-step process.

Step 1 – Create Your PayFX Global Account

To begin, register on the PayFX Global platform using your mobile number and email address.

• Create your profile
• Verify your email address
• Verify your mobile number
• Set up your login credentials

Once registered, you can access your dashboard and begin your remittance journey.

Step 2 – Complete Your KYC Verification

As an RBI-compliant international remittance platform, PayFX Global requires customers to complete a one-time Know Your Customer (KYC) verification process.

Typical documents may include:

• PAN Card
• Passport
• Aadhaar Card
• Address Proof
• Supporting documents based on transfer purpose

Benefits of One-Time KYC:

• Faster future transactions
• Reduced paperwork
• Improved compliance
• Enhanced security

Step 3 – Create Your International Remittance Request

Once your account is verified, you can initiate a new transfer by providing the required details.

• Select transfer purpose
• Choose destination country
• Select destination currency
• Enter transfer amount
• Add beneficiary details
• Upload supporting documents if required

Examples of transfer purposes include:

• Education Payments
• Living Expenses
• Family Maintenance
• Gift Remittance
• Medical Treatment
• Travel
• Immigration Related Payments
• Investments Abroad
• Property Purchase Abroad

Step 4 – Upload Documents & Compliance Review

To comply with RBI, FEMA, and LRS guidelines, certain transactions may require supporting documents.

Examples include:

Education Payments

• University Offer Letter
• Tuition Fee Invoice
• Student Passport

Living Expenses

• Admission Letter
• Passport Copy
• Visa Copy

Medical Payments

• Hospital Invoice
• Medical Documents

Family Maintenance

• Relationship Proof (if required)

Our compliance team reviews submitted documents to ensure that the transaction meets regulatory requirements. Most reviews are completed promptly to avoid unnecessary delays.

Step 5 – Make Payment

Once your remittance request has been approved, you can proceed with payment.

• Bank Transfer
• Account Transfer
• Other approved payment methods

After funds are received and verified, the transaction moves to processing.

Step 6 – Currency Conversion & Transfer Processing

PayFX Global converts your funds into the destination currency using the applicable exchange rate. Your transfer is then routed through our banking and payment network to the beneficiary account.

Customers can monitor transaction progress in real time through their dashboard.

Step 7 – Track Your Transfer in Real Time

Common transaction statuses include:

• Request Submitted: Your transfer request has been created.
• Documents Under Review: Compliance team is reviewing documents.
• Payment Awaited: Waiting for customer payment.
• Payment Received: Funds verified successfully.
• Transfer Processing: Currency conversion and processing underway.
• Transfer Sent: Funds released to beneficiary bank.
• Transfer Completed: Funds received successfully by beneficiary bank.

Typical Transfer Timeline

The actual processing time depends on:

• Transfer purpose
• Destination country
• Currency
• Compliance requirements
• Beneficiary bank processing times
• Public holidays and banking hours

Many transactions are processed quickly after successful verification and receipt of funds.