Payoneer India Receives RBI Approval to Expand Cross-Border Payments

Payoneer India has achieved a key development in its India strategy with the receipt of in-principle approval to operate as a Payment Aggregator for cross-border transactions, strengthening its ability to support international trade flows. 

Approval Scope and Market Context 

The in-principle approval allows Payoneer India, a subsidiary of Payoneer Global, to move towards offering end-to-end cross-border payment services for merchants engaged in international trade.  

The approval comes at a time when 19 entities have already received full authorisation to operate under the PA-CB framework, which supports inward, outward or both types of cross-border transactions for importers and exporters.  

As per news reports, the company said, “This is a key milestone in enabling Payoneer to expand its operations in India and provide end-to-end cross-border payment solutions to Indian importers and exporters for inward and outward cross-border transactions.” 

Global Scale and Planned Offerings 

Payoneer’s global parent operates as a regulated entity across markets including the United States, Europe, the United Kingdom, Hong Kong, Japan, Singapore, China and Australia. The company states that it supports customers in more than 190 countries and territories. 

Over the trailing 12 months as of Q3 2025, Payoneer reported serving nearly two million active customers and processing transaction volumes exceeding $80 billion.  

Following PA-CB authorisation, Payoneer India plans to offer comprehensive solutions for both import and export payments.  

Read More: Apple Pay Set to Enter India Market; Launch Expected by Late 2026! 

Conclusion 

The in-principle PA-CB approval positions Payoneer India to broaden its cross-border payment capabilities as it prepares to serve Indian importers and exporters at scale. 

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