Local payment companies eye cross-border pay prize

Large payment aggregators, such as Razorpay, PayU and Cashfree, are doubling down on cross-border payments, threatening to squeeze out early-stage startups built around the revenue stream in this space.

These companies are targeting the export-import payments opportunity as their next major growth frontier, even as venture-backed startups like PayGlocal, Skydo and Xflow have raised capital from global investors to build exclusively for the sector.