PayPal Payments Pvt Ltd, a subsidiary of PayPal Holdings Inc in India, 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 is a major milestone for PayPal's operations in India and further cements its focus on enabling secure cross-border payments to almost 200 countries, the company added.
The endorsement is coinciding with India's export data hitting USD 73.8 billion in April 2025, reflecting the increasing speed of global trade.
"The in-principle PA-CB-E approval from RBI is a major milestone for PayPal. It is a testimony to the strength of India's regulatory vision and the journey towards frictionless, secure cross-border payments. As India develops as a global export center, PayPal continues to remain committed to empowering Indian businesses with secure digital payment solutions," said Nath Parameshwaran, Senior Director - Government Relations at PayPal India.
With a growing list of customized services like PayPal Checkout, PayPal Invoicing, and No-Code checkout tools, PayPal plans to make global selling easy and convenient for Indian small businesses.
Abid Murshed, PayPal India's Head of Sales, said, "We have been in India over a decade, empowering small businesses and freelancers to be part of global trade through secure and reliable payment solutions. With changing trade dynamics bringing new challenges and opportunities, we are supporting our customers as they push into new trade corridors and meet emerging global customer demands.
The in-principle approval allows PayPal to continue operating cross-border payment services under a regulated environment, hence providing Indian merchants with more consistency, transparency, and security in their global transactions, the company said.
The move is likely to open the door to new localized product innovations, improved customer experiences, and enhanced access to PayPal's global payment ecosystem for businesses, small businesses, and freelancers in India.
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