This authorisation solidifies its position as one of the few fintech fully authorised to facilitate both domestic online and cross-border payment flows
FinTech BizNews Service
Mumbai, November 18, 2025: PayGlocal, India’s leading cross-border payment solutions provider, announced that it has secured final authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border – Inward & Outward (PA-CB-I&O), solidifying its position as one of the few fintechs fully authorised to facilitate both domestic online and cross-border payment flows.
Under the PA-CB authorisation, PayGlocal can now support cross-border payments in both directions. Indian exporters, freelancers and enterprises serving global customers can continue receiving payments into India, while international businesses can accept payments from Indian consumers through UPI, cards and other payment methods. As global interest in India’s digital commerce market grows, this authorisation enhances PayGlocal’s capabilities as a cross-border–first payments company.
This approval builds on PayGlocal’s RBI authorisation as a Payment Aggregator – Online (PA-O) received in September 2024, further establishing its role in India’s regulated online and cross-border payments ecosystem.
Speaking on the occasion, Prachi Dharani, Co-founder & CEO, PayGlocal, said,
“The PA-CB authorisation is an important milestone for PayGlocal and for the cross-border infrastructure we are committed to building. Until now, we’ve enabled Indian businesses to collect payments from customers across the world with trust and compliance. With this licence, we can now support outward flows as well; allowing global merchants to accept payments from India through secure local methods like UPI and cards. India is becoming an increasingly significant participant in global digital commerce, and it is essential that the payment infrastructure supporting this growth is reliable, compliant and globally aligned. At PayGlocal, we see it as our responsibility to help build that foundation. I am immensely proud of our team, and we are grateful to the Reserve Bank of India for their continued trust in our vision.”
Ashish Agrawal, Managing Director at Peak XV, said,
“The PayGlocal team has demonstrated strong execution in enabling inbound cross-border payment flows. This licence now opens the door to outbound flows and a larger addressable market. We’re proud to support the team as they continue to execute with precision and earn the confidence of the Reserve Bank of India. We believe PayGlocal is well-positioned to build the infrastructure required for India’s expanding presence in global trade and digital commerce.”
PayGlocal’s product suite includes international and domestic payment gateway capabilities, alternate payment methods, Multi-Currency Accounts (MCA), Apple Pay acceptance, Ascendium - Payment Success Accelerator, and INReach, a solution that enables global merchants, licensed aggregators and banks to accept payments from Indian customers. Built on a regulation-first foundation, PayGlocal offers intelligent routing, advanced fraud prevention and high-uptime infrastructure to deliver reliable, compliant and high-conversion global payment experiences.
The PA-CB (Inward & Outward) authorisation further strengthens this unified cross-border stack, enabling PayGlocal to support businesses operating across global markets.
