PayGlocal receives RBI approval for full cross-border payment aggregator operations

PayGlocal has received final authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border – Inward & Outward (PA-CB-I&O), allowing the fintech to facilitate both inbound and outbound online payment flows.

The approval enables the company to support cross-border transactions in both directions. Indian exporters, freelancers and businesses serving global clients can continue receiving payments from abroad, while international firms can accept payments from Indian customers through UPI, cards and other methods.

The latest authorisation follows the company’s Payment Aggregator – Online (PA-O) licence granted in September 2024, expanding its role in India’s regulated digital payments framework.

Company executives said the licence broadens the scope of services PayGlocal can offer in the cross-border segment, an area growing alongside India’s digital commerce footprint. Investors backing the company noted that the approval opens access to a wider market, including outward payment flows.

PayGlocal currently offers products such as domestic and international payment gateway services, multi-currency accounts, alternate payment methods, and tools aimed at improving payment success rates and fraud prevention. The PA-CB licence is expected to strengthen its existing cross-border payments stack for businesses operating across multiple markets.

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