How Indian IT Firms Receive JPY from Japanese Clients: Payment Rails, FIRC, and What to Watch Out For

When a Japanese client pays an Indian IT firm in yen, the money typically moves through one of three rails – a traditional SWIFT bank wire into an Authorised Dealer (AD) bank, a fintech collection platform, or a virtual multi-currency account – and lands as INR in your account. Along the way, your bank issues a Foreign Inward Remittance Advice