How Remote People gained FX flexibility and 50% more savings
From high bank charges and no flexibility on trading hours to a frictionless, transparent payment process that finance simpler.
50%
Reduction in FX costs
100%
visibility on each transfer
10/10
Customer Support
Use case
Remote People receives payments from clients globally and needs to settle funds into its India entity efficiently to manage payroll and operational expenses. Given the volume and frequency of transfers, the finance team needed a platform that offered competitive FX margins, extended trading hours, and full regulatory compliance with Indian requirements, without adding operational burden to the team.
Problem summary
Before Xflow, Remote People relied on traditional banking channels for their FX conversions. While the team had significant experience navigating the banking ecosystem, the constraints were real. Banks operate within fixed trading windows, typically 9 AM to 3:30 PM IST, leaving a very narrow window to execute conversions at favorable rates. Once the market closed, options were limited.
Why Xflow
Remote People came to Xflow looking for a platform that could offer more than what traditional banks provided, and found exactly that. The most immediate benefit was the extended trading window. Unlike banks that close conversions by 3:30 PM IST, Xflow's platform allows trades to be executed across a wider timeframe, giving the finance team significantly more flexibility to act on favorable rates and plan transfers around their schedule rather than the bank's.
Results
Since switching to Xflow, Remote People has seen FX costs reduce by at least 50% compared to what the team was paying through traditional banking channels. Beyond cost savings, the operational lift has been significant.
Impact on Remote People's Business
50% reduction in FX costs
Higher savings on margins compared to banking partner.
Greater flexibility and control
FX conversions executable well beyond standard banking windows.
Compliance handled end-to-end
Important regulatory requirements managed directly by Xflow.
Full transfer visibility
Real-time tracking on every transfer, with all documentation accessible.
“Xflow is a fantastic tool. It gives you more trading hours instead of being stuck to specific banking timelines, and the margins are better too. The team is superb & very friendly. I would absolutely recommend it as a partnering platform for GCC companies.”
Deepika Yerram, Global Head of Treasury at Remote People
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