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

PayPal Payments Pvt Ltd (PayPal), the Indian subsidiary of PayPal Holdings Inc, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator-Cross Border-Exports (PA-CB-E). 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 $73.8 billion in April 2025, underscoring the increasing momentum in cross-border trade.