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๐Ÿ‡ฆ๐Ÿ‡ช United Arab Emirates /Economy & Trade

EFICYENT surpasses $10 billion in cross-border transaction value, strengthening its global payments position

From Khaleej Times · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

Press release Official statement Outcome reported
  • EFICYENT said it has processed more than $10 billion in total cross-border transaction value.
  • The company provides payment infrastructure for banks, fintechs, money transfer operators, enterprises and financial platforms.
  • EFICYENT said demand has grown as businesses seek faster, more transparent and efficient international payment operations.

EFICYENT has surpassed $10 billion in total cross-border transaction value, a milestone the company says reinforces its role in global payments infrastructure.

The company does not present itself as a traditional payment provider. Instead, it supplies the infrastructure layer used by banks, fintechs, money transfer operators, enterprises and financial platforms to move money across borders through one integrated ecosystem.

This milestone is far more than a number. It represents the confidence thousands of businesses have placed in EFICYENT to power one of their most critical operations: moving money across borders.

· Bala Subramanya KEFICYENTโ€™s chief executive described the significance of the company surpassing $10 billion in cross-border transaction value.

Its platform combines local payment rails, Smart FX, global payouts, multi-currency infrastructure, compliance technology, APIs and white-label financial services. EFICYENT said its growth reflects rising demand from institutions and businesses that want to simplify complex international payment operations while improving speed, transparency and efficiency.

Cross-border payments are becoming the backbone of global digital commerce, and businesses deserve infrastructure that is intelligent, compliant, and built for scale.

· Bala Subramanya KThe chief executive linked the milestone to the growing role of international payments in digital commerce.

โ€œThis milestone is far more than a number. It represents the confidence thousands of businesses have placed in EFICYENT to power one of their most critical operations: moving money across borders,โ€ said Bala Subramanya K, the companyโ€™s chief executive. He said cross-border payments were becoming the backbone of global digital commerce and that the $10 billion threshold validated the companyโ€™s long-term vision.

EFICYENT said its regulatory footprint spans eight jurisdictions and allows fintech companies to expand into new markets. Chief technology officer and director Aravinth Ramesh said each transaction represented a business growing internationally, receiving funds faster, or a financial institution improving its customer experience. The company said it would continue developing infrastructure intended to make cross-border payments faster, more accessible and easier to manage.

Every transaction processed through our platform represents a business growing internationally, a business receiving funds faster, or a financial institution delivering a better customer experience.

· Aravinth RameshEFICYENTโ€™s chief technology officer and director described the practical effects of transactions processed through the platform.
About this summary

Originally published by Khaleej Times in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.