PayPal receives RBI approval to act as cross-border payment aggregator - Trade Treasury Payments

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PayPal receives RBI approval to act as cross-border payment aggregator

PayPal Payments Private Limited, the Indian subsidiary of US-based PayPal Holdings Inc, has secured in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator for Cross-Border Exports (PA-CB-E). 

The approval allows PayPal to facilitate export-related payment services under a formal regulatory structure. In practical terms, the licence will allow PayPal to strengthen its service offering for Indian micro, small, and medium enterprises (MSMEs) and independent professionals conducting international business.

Nath Parameshwaran, Senior Director of Government Relations at PayPal India, said, “The in-principle PA-CB-E approval by RBI is a significant milestone for PayPal…. As India grows into a global export hub, PayPal remains committed to empowering Indian businesses with trusted digital payment solutions.”

The announcement comes amid a period of robust trade performance for the country, with India’s exports reaching $73.8 billion in April 2025.

PayPal has been present in India for over a decade and has steadily localised its offerings to meet the needs of small exporters. Its suite of products (which range from checkout solutions and invoicing tools to low-code integration options) caters primarily to businesses.

Abid Murshed, Head of Sales at PayPal India, said, “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 approval will facilitate further product development tailored to Indian users and broaden access to PayPal’s global payments network, which spans nearly 200 markets and over 400 million users.