PayPal receives RBI nod to operate as cross-border payment aggregator

This marks a key milestone in PayPal's operations in India and its continued support for Indian small businesses, enabling secure cross-border payments to approximately 200 markets, the company said in a statement.

The approval comes as India's exports reached USD 73.8 billion in April 2025, underscoring the increasing momentum in cross-border trade.

With a growing suite of localised offerings, such as PayPal Checkout, PayPal Invoicing and No-Code checkout tools, PayPal is focused on simplifying global selling for Indian small businesses.

PayPal has a track record of innovating at every major inflection point in commerce over the last 25 years, Abid Murshed, Head of Sales at PayPal India, said.

The in-principle approval allows PayPal to continue offering cross-border payment services within a regulated framework, supporting Indian merchants with enhanced consistency, transparency, and security in their global transactions, it said.

This opens new avenues for localised product innovations, improved customer experiences, and enhanced access to PayPal's global payment network for large enterprises, small businesses, and freelancers in India, it added.