I have been trying to find a way to pay for my business expenses in foreign currency and discovered the following ways.
Niyo global -
Pros - Zero markup, complete transparency in rates, ease of use (mobile app)
Cons - Unclear about regulations (LRS), Unclear about the corporate card, waiting period
Indus Exclusive Signature Debit card
Pros - Zero Markup, 3% reward points, easy issuance, No LRS
Cons - less transparent (on forex rates),
RBL world safari credit card
pros - Zero Markup, 2% reward points, No LRS
cons - difficult issuance, less transparent of forex rates
HDFC Infinia credit card -
pros - premium services and access, 1% reward, No LRS
cons - difficult issuance, minimum spends associated, less transparency.