PayPal India Can Now Operate As Cross-Border Payment Aggregator

New Delhi, May 28 — PayPal Payments Pvt Ltd has announced that it can now operate as a cross-border payment aggregator as it has received in-principle approval from the Reserve Bank of India (RBI). The company is the Indian arm of fintech company PayPal Holdings Inc.

The development is significant for the company as it will help in its aim of enhancing cross-border digital payment infrastructure for Indian merchants, particularly small businesses and freelancers.

Empowering Indian Exporters with Seamless Cross-Border Payments

Now that PayPal can operate as a cross-border payments operator, it will be able to facilitate cross-border transactions for Indian sellers to nearly 200 international markets. Since India’s exports increased to USD 73.8 billion in April 2025, PayPal can utilise the demand to increase its revenue.

Company Commentary

Nath Parameshwaran, Senior Director – Government Relations at PayPal India, said,

“This in-principle PA-CB-E approval by RBI is a significant milestone for PayPal. It reflects the strength of India’s regulatory vision and the progress toward seamless, secure cross-border transactions.”

Boost to MSMEs and Freelancers

PayPal offers a range of services, including PayPal Checkout, PayPal Invoicing, and No-Code Checkout Tools. The company wants to utilise these tools more to simplify global selling for Indian small businesses. RBI’s approval will enable PayPal to help MSMEs and freelancers in executing cross-border transactions with utmost transparency, security, and consistency.

Abid Murshed, Head of Sales at PayPal India, added,

“We have been operating in India for more than a decade, enabling small businesses and freelancers to participate in global commerce through trusted and secure payment solutions. As trade dynamics evolve, we remain committed to supporting our customers’ expansion into new markets.”