New Delhi: PayPal Payments Pvt Ltd, the Indian arm of global payments major PayPal Holdings Inc, has secured in-principle approval from the Reserve Bank of India (RBI) to function as a Cross-Border Payment Aggregator (PA-CB-E). The move marks a significant development in the company’s India operations and its continued focus on enabling seamless global commerce for Indian businesses.
The approval allows PayPal to operate within a regulated payments framework to support Indian exporters, freelancers, and small enterprises with secure cross-border payment solutions to nearly 200 global markets.
“This in-principle approval is a major milestone for PayPal in India,” said Nath Parameshwaran, Senior Director – Government Relations at PayPal India. “It reflects India’s progressive regulatory environment and our shared vision for enhancing cross-border trade through secure and seamless digital payment infrastructure.”
The approval comes at a time when India’s exports reached $73.8 billion in April 2025, highlighting the nation’s growing role in international trade.
Empowering Indian Businesses for Global Growth
With a host of localised solutions like PayPal Checkout, Invoicing, and no-code tools, the company is focused on helping Indian MSMEs and freelancers simplify their global selling experience. These tools are designed to lower entry barriers and improve transaction transparency, particularly for those venturing into new international markets.
Abid Murshed, Head of Sales at PayPal India, emphasized the company’s commitment to Indian merchants:
“For over a decade, we’ve supported Indian businesses and freelancers in accessing global markets. As trade corridors evolve and customer expectations rise, PayPal is proud to offer trusted, innovative solutions that help them navigate new opportunities.”
A Regulated Path Forward
The RBI’s approval ensures that PayPal’s services will continue under a formal regulatory framework, enhancing trust and offering improved consistency, transparency, and security to users.
Additionally, this opens doors for further product innovations tailored to Indian exporters, while providing improved access to PayPal’s global network of customers and businesses. The company aims to serve enterprises of all sizes—from individual freelancers to large corporations—who are looking to scale in global trade.
With this development, PayPal is well-positioned to play a crucial role in India’s digital trade ecosystem as the country advances towards becoming a major global export hub.
