PayPal Gets RBI Nod to Operate as Payment Aggregator for Cross-Border Export
PayPal Payments Private Limited, the Indian arm of Nasdaq-listed PayPal Holdings Inc. (PYPL), has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator for Cross Border Exports (PA-CB-E). This development marks a significant step in strengthening India’s cross-border trade ecosystem and expanding PayPal’s role in enabling global digital payments.
In an official statement, the company said the approval reinforces its long-standing commitment to Indian small businesses and exporters by facilitating seamless, secure international payments to over 200 markets.
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India’s merchandise exports reached $73.8 billion in April 2025, indicating robust demand in global markets. “The in-principle PA-CB-E approval by RBI is a significant milestone for PayPal. As India grows into a global export hub, PayPal remains committed to empowering Indian businesses with trusted digital payment solutions,” said Nath Parameshwaran, Senior Director, Government Relations, PayPal India.
PayPal currently offers a range of tailored solutions including PayPal Checkout, Invoicing, and No-Code Checkout tools, aiming to simplify global transactions for Indian merchants, freelancers, and enterprises. Abid Murshed, Head of Sales, PayPal India, added, “As trade dynamics evolve, we are focused on supporting our customers as they explore new trade corridors and meet changing global customer expectations.”
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The RBI’s nod will enable PayPal to operate within a regulated framework, boosting confidence among users and regulators alike. The company also stated that this approval will unlock opportunities for localized product innovations, enhanced user experience, and deeper access to its global payment infrastructure.
PayPal’s strengthened position in India comes at a time when digital payment platforms are playing a vital role in facilitating the country’s economic integration with global markets.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
