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Overview

This is a headless, API-only rail for collecting an Indian buyer’s rupees into an EximPe-issued Virtual Bank Account (VBA) and settling the funds abroad under the RBI Payment Aggregator – Cross Border (PA-CB) framework. A bank partner (an Authorised Dealer, or “AD bank”) performs the actual outward remittance. There is no hosted checkout, no card/UPI payment page — the buyer transfers money to a virtual account, and you assert the compliance details through the API. You own the entire customer-facing experience and the customer relationship; EximPe is the embedded India collection and settlement engine underneath. You onboard the universities you serve as sub-merchants — collections, settlements, and balances are tracked per university.

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Who Uses It

PSP

An integrator that calls the API on behalf of the sub-merchants it onboards. A PSP never holds a VBA or funds itself.

Sub-merchant

A merchant created under a PSP. Holds VBAs and collected funds; is the entity that gets settled (the “settling entity”).

Direct merchant

A merchant with no parent PSP — holds its own VBAs and funds and is its own API caller.

Remitter (Buyer)

The person in India paying, uniquely identified by PAN. LRS limits apply per person, platform-wide.

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How It Works

1

Onboard merchants

A PSP registers, then creates sub-merchants via the API. Each is approved before it can collect.
2

Issue a Virtual Bank Account

Create a VBA for the settling entity. Indian buyers transfer rupees into it — a single VBA can receive credits from many remitters.
3

Receive a credit

When money lands in the VBA, EximPe creates a payment in Action Required and notifies you by webhook.
4

Assert LRS compliance

Verify the buyer’s PAN, quote the TCS, upload supporting documents, and submit the remitter / purpose / declarations. The payment advances to Under Review.
5

Settle abroad

Cleared funds are settled to the beneficiary and reported via the settlement APIs and the Payment Settled webhook.

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Why EximPe

No Local Entity

Collect in India without an Indian business entity or banking setup.

Compliance Built In

LRS limits, TCS, purpose codes, and documentation are handled through the API and by EximPe.

Multi-Currency Settlement

Rupees collected in India, settled to you abroad in your currency.

Fully API-Driven

No buyer-facing screens — embed collection and compliance directly in your product.

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Regulatory Framework

EximPe operates under the RBI PA-CB guidelines. Key constraints to design for:
  • Per-transaction limit: ₹25,00,000 per transaction.
  • LRS TCS threshold: TCS is nil up to ₹10,00,000 of a remitter’s cumulative LRS in a financial year, and applies only to the amount above it (per person, platform-wide, resets each 1 April).
  • Purpose codes: every payment carries a FEMA purpose code from the settling entity’s allowlist.
  • Documentation: a digital invoice and supporting documents are required for each remittance; a full audit trail is maintained.
For the full rules — eligibility, the buyer declarations, TCS mechanics, and the education purpose codes and documents — see LRS & Compliance.
Ready to start? Follow Steps to Integrate to onboard, issue a VBA, and collect your first payment.