Razorpay secures RBI’s cross-border payment aggregator licence

Fintech startup Razorpay has received an aggregator licence for cross-border payments from the Reserve Bank, Payment Aggregator – Cross Border (PA-CB) licence. In a social media post on X, Shashank Kumar, founder of Razorpay, said that the step brings their vision of a global payments network from Asia much closer.

“We’re already the largest non-bank cross-border payments player in India powering global brands we all know…This milestone strengthens our commitment and ability to help businesses go global, faster and with far less friction.” Kumar said.