Payoneer India Secures RBI Nod for Cross-Border Payments Expansion

BANKINGFINANCE

Overview

Payoneer India has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border (PA-CB). This authorization empowers the company to offer comprehensive cross-border payment solutions for Indian importers and exporters, facilitating both inward and outward transactions. The move signifies a key step for Payoneer's expansion in the Indian market, positioning it to compete alongside 19 other entities already fully authorized by the regulator.

Regulatory Milestone

This regulatory milestone empowers Payoneer India to formally offer end-to-end cross-border payment solutions. The Payment Aggregator – Cross Border (PA-CB) license enables the company to manage international transactions, a critical service for businesses engaged in global trade. This approval is key to Payoneer's strategic growth within the significant Indian market.

Expanded Offerings

Payoneer India plans to leverage this authorization to provide comprehensive services for both import (outward) and export (inward) transactions. CEO Rohit Kulkarni stated the goal is to help Indian businesses tap into new global opportunities and scale their operations effectively. This aligns with India's push to foster international trade and support its burgeoning export sector.

Global Context and Competition

Payoneer's global parent operates as a regulated entity across major jurisdictions including the United States, Europe, and Asia, processing over $80 billion in transactions for nearly two million active customers over the trailing twelve months ending Q3 2025. In India, Payoneer India will now operate in a landscape with 19 other fully authorized PA-CB entities, including prominent players like Razorpay and Cashfree Payments. This competitive environment underscores the demand and regulatory focus on secure cross-border payment infrastructure.

Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.