RBI Approves PayGlocal for Comprehensive Cross-Border Payment Aggregator Operations

PayGlocal has been granted final approval by the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border – Inward & Outward (PA-CB-I&O), empowering the fintech to handle cross-border digital transactions in both directions. This development comes after its earlier Payment Aggregator – Online (PA-O) licence received in September 2024. 

RBI Approval Expands PayGlocal’s Cross Border Capabilities 

With the RBI's PA-CB-I&O authorisation, PayGlocal is now permitted to facilitate inward and outward payment flows involving Indian and international clients. The approval widens the company’s reach, helping Indian exporters, freelancers, and businesses collect payments globally while enabling overseas merchants to accept payments from Indian consumers through cards, UPI and other gateways. This licence integrates PayGlocal more deeply into India's regulated digital payments environment. 

Benefits for Merchants and Cross Border Commerce 

The approval is set to benefit a wide range of sectors including retail, education, exports, software services and travel. Indian businesses dealing with international customers can continue receiving online payments efficiently, while foreign companies can leverage established domestic payment methods to reach Indian consumers. This adds flexibility across both B2B and B2C transaction structures. 

Read More: PayU Secured RBI Nod as an Online, Offline, and Cross-Border Payment Aggregator! 

Strengthened Product Offerings in the Global Payments Stack 

Founded in 2021 and headquartered in Bengaluru, PayGlocal provides a robust tech stack that includes domestic and international payment gateways, fraud prevention tools, multi-currency accounts and alternative payment methods. With the PA-CB-I&O licence, its suite of cross-border payment services is expected to evolve further, supporting businesses managing operations across multiple geographies. 

Conclusion 

PayGlocal's receipt of the PA-CB-I&O licence marks a significant enhancement in its regulatory standing and capabilities. It paves the way for expanded operation in the fast-evolving Indian and global digital commerce ecosystem. 

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