How Alt halved its FX costs on international payments with Xflow
Alt moved its inward remittances to Xflow for better rates, faster settlement, and a simpler process.
50%
Reduction in FX costs
30%
Faster settlement
100%
Visibility on transfers
Use case
Alt’s foreign entity regularly sends funds to its Indian entity to cover operating costs such as salaries, vendor payments, and day-to-day expenses. Because these transfers are recurring and sizable, the rate at which they’re converted directly affects how far each one goes. The finance team needed a way to move funds from the parent entity into India at a fair rate, settle them quickly, and maintain the same level of compliance it had with its banks.
Problem summary
Before Xflow, Alt followed the traditional route of converting remittances through its bankers. The bank applied its own markup on top of the market rate, typically 70 to 80 paise per dollar, and that margin hit every transaction. The only way to push back was to “window shop” across banks for a better rate on each transfer, a painful process the team couldn’t avoid, since even a small difference in margins makes a real difference at scale. Settlement was slow too. Funds usually took two to three working days to land after the wire was sent, which made it harder to plan around payroll and other fixed expenses.
Why Xflow
Alt moved its international payments to Xflow for better rates, faster settlement, and a simpler process. The team uploads the invoice and enters the transaction details on the platform, and the funds are converted at the mid-market rate, with no bank markup or rate negotiation. Xflow’s maker-checker workflow was a great advantage. Every transaction is verified before it’s processed, so issues like an incorrect purpose code are caught upfront rather than discovered after the funds are stuck.
Results
Alt has seen a flat 50% saving on FX costs for every international transaction it receives. Settlement has gone from two to three working days to next day. After the foreign entity sent the wire, the funds are in Alt’s Xflow account by next day, and a single click moves them to the company’s bank account. With the process now running smoothly, the Alt team also plans to bring the same setup to other entities they work with.
Impact on Alt's business
50% savings on FX
Conversions at near-market rates, without bank markups or rate negotiations.
Fast settlement
Funds settle into your account within the day of the transfer.
Hands-on compliance
Smooth onboarding & compliance meant the team could get started quickly.
Strong support
Proactive, hands-on team with clear ownership over every transaction.
“If you want to make your FX transactions simple, with a better margin and less headache, switch to Xflow. Your transactions get settled in real time, with the same level of compliance as banks.”
Shreyas Srinivasan, Co-founder, Alt
Ready to simplify your international payments?
Thousands of companies have already reduced payment costs and grown their international business with Xflow. Join them today!