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PayPal Gets RBI Nod as Cross-Border Payment Aggregator
Hindustan Times East UP
|May 29, 2025
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).
NEW DELHI: 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 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.
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