PayPal Payments Private Limited, a payments company and the Indian subsidiary of Nasdaq-listed PayPal Holdings Inc. (PYPL), on Wednesday announced that it 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). In a statement, the company said that the development marks a key milestone in PayPal’s operations in India and its continued support for Indian small businesses, enabling secure cross-border payments to approximately 200 markets.
The approval comes as India’s exports reached $73.8 billion in April 20251, underscoring the increasing momentum in cross-border trade. “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 offers a suite of localized offerings, such as PayPal Checkout, PayPal Invoicing and No-Code Checkout tools. Abid Murshed, Head of Sales, PayPal India, said, “As trade dynamics shift, presenting new challenges and opportunities, we stand by our customers as they expand into new trade corridors and meet evolving global customer expectations.”
The in-principle approval will allow PayPal to continue offering cross-border payment services within a regulated framework, supporting Indian merchants in their global transactions. “This opens new avenues for localized product innovations, improved customer experiences, and enhanced access to PayPal’s global payment network for large enterprises, small businesses, and freelancers in India,” it said in a statement.