PayGlocal Secures Final RBI Authorization for Cross-Border Payments, Expanding Digital Trade Flows

Overview

PayGlocal has received final authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border – Inward & Outward (PA-CB-I&O). This approval allows the fintech company to facilitate both inbound and outbound online payment flows, enabling Indian businesses to receive international payments and foreign firms to accept payments from Indian customers. The license significantly broadens PayGlocal's services in the growing cross-border segment.