Cashfree, payments and banking technology major enters into partnership with digital payments firm PayPal to facilitate international payments for merchants.

Akash Sinha, CEO & Co-founder, Cashfree says, "The new API integration allows merchants to enable payments using their existing PayPal business accounts and start accepting and collecting global payments in no time. Further, businesses benefit from the PayPal fraud prevention and seller protection tools."

Through this collaboration, businesses using Cashfree's payment gateway would be able to add the PayPal 'Express Checkout' option to their order pages and accept payments from over 350 million customers across 200 markets and in more than 28 currencies in a secure and seamless manner.

"Together with Cashfree, Indian small businesses will be able to tap into our 350 plus million consumer base across 200 markets," says Ashish Tandon, Director, Channel Partners, PayPal India.

Cashfree said it does the foreign currency exchange automatically and the amount gets credited to businesses' accounts in Indian rupee.
Businesses partnering with Cashfree can activate One Touch payments that would let their customers stay logged in and check out with a couple of clicks.

Cashfree, as a payment platform, offers businesses with international payment methods like Mastercard and Visa cards, American Express, Diners Club along with PayPal.

Presently, Cashfree assists more than 100 payment modes for accepting domestic and international payments.