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How Remote People gained FX flexibility and 50% more savings

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

50%

100%

visibility on each transfer

100%

10/10

Customer Support

10/10
bussiness title
Remote People is a global Employer of Record and workforce management platform that helps companies hire, pay, and manage employees in 150+ countries without setting up local entities. The company covers the full employment lifecycle, including international recruitment, compliant hiring, global payroll, benefits administration, and incorporation support, acting as the legal employer on its clients' behalf.

Industry

HR Tech/EOR

Size

400+ employees

Region

Global

Website

www.remotepeople.com

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.

Use case

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.

Compliance requirements added another layer of complexity. Indian regulatory obligations required constant coordination with banks, adding back-and-forth that consumed the finance team's time. For a company operating across 150+ countries with high transfer volumes, this level of friction had a meaningful impact on operational efficiency.

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.

On the compliance front, Xflow took the coordination burden off Remote People's plate entirely. Regulatory requirements, which previously required the team to liaise with banks, are now managed by Xflow directly, removing Remote People from the middle of the process and freeing up meaningful time for the finance team.
The platform's real-time data and transparency also stood out. The finance team has full visibility into each transfer as it moves, with compliance requirements tracked and fulfilled within the platform. For a team that manages high volumes and operates to tight timelines, this level of operational clarity made a tangible difference.

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.

Compliance tasks that previously required manual coordination are now handled end-to-end by Xflow, and the extended trading window has given the finance team the flexibility to execute conversions at the right time rather than being constrained by banking hours.

Impact on Remote People's Business

50% reduction in FX costs

Higher savings on margins compared to banking partner.

Lets re-define the international payments experience together

Greater flexibility and control

FX conversions executable well beyond standard banking windows.

Lets re-define the international payments experience together

Compliance handled end-to-end

Important regulatory requirements managed directly by Xflow.

Lets re-define the international payments experience together

Full transfer visibility

Real-time tracking on every transfer, with all documentation accessible.

Lets re-define the international payments experience together

“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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