PayPal secures RBI nod to act as cross-border payment aggregator, eyes boost for Indian exporters
Mumbai: PayPal Payments Pvt Ltd, the Indian arm of PayPal Holdings Inc, has received in-principle authorisation from the Reserve Bank of India (RBI) to function as a Payment Aggregator – Cross Border Exports (PA-CB-E).
Describing the approval as a significant development, the company said it strengthens PayPal’s presence in India and enhances its ability to support small businesses in facilitating secure cross-border payments across nearly 200 international markets, according to a PTI report.
The regulatory nod comes at a time when India’s exports touched USD 73.8 billion in April 2025, highlighting the growing traction in global trade.
Nath Parameshwaran, Senior Director – Government Relations at PayPal India said, "The in-principle PA-CB-E approval by RBI is a significant milestone for PayPal. It reflects the strength of India's regulatory vision and the progress toward seamless, secure cross-border transactions.
"As India grows into a global export hub, PayPal remains committed to empowering Indian businesses with trusted digital payment solutions."
The company added that with a steadily expanding portfolio of localised solutions such as PayPal Checkout, PayPal Invoicing, and No-Code checkout tools, it is aiming to simplify global commerce for Indian small enterprises.
Abid Murshed, Head of Sales at PayPal India, said, “We have been operating in India for more than a decade, enabling small businesses and freelancers to participate in global commerce through trusted and secure payment solutions.
"As trade dynamics shift, presenting new challenges and opportunities, we stand by our customers as they expand into new trade corridors and meet evolving global customer expectations.”
According to the company, the in-principle approval allows it to continue delivering cross-border payment services within a regulated framework, providing Indian exporters with greater consistency, transparency, and security in international transactions.
PayPal added that the approval paves the way for new localised innovations, better customer experiences, and improved access to its global payment network for enterprises of all sizes and independent professionals across India.
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