India, Sept. 6 -- "Why can't I hold dollars for longer and convert them when I choose?" As a payments processor, this is one of the most frequent questions we get asked.

The question reflects how Indian businesses are evolving. A growing number of MSMEs serve international customers while also paying overseas suppliers. Their financial needs are no longer limited to receiving an occasional international payment; they require infrastructure that supports two-way payments across currencies and markets.Consider an exporter who receives euros, converts them into rupees and later needs to pay an overseas supplier or purchase software in US dollars. The business must convert currencies again, incurring another foreign-exchange spread and trans...