Payoneer India has been given in-principle a go-ahead by the Reserve Bank of India to be a Payment Aggregator in dealing with cross-border transactions. The nod is enabling the company to step a notch higher towards providing controlled international payment services. This is viewed by us as a move that will solidify the Indian fintech payments ecosystem. The PA-CB licence is named Payment Aggregator Cross Border, and it allows companies to make cross-border payments inbound and outbound on behalf of the merchants. These are receipts from overseas customers and receipts to worldwide suppliers. By this approval, Payoneer India can set up a compliant framework, and they can fully be authorised.
RBI has already issued a complete PA-CB licence to 19 organisations. These licences are only awarded to firms that pass through stringent compliance, technology, and security requirements. The introduction of Payoneer to this group is good evidence that the regulator believes in its systems and risk management practises. The in-principle approval will assist the company to expand its business in India, according to the company. It will offer end-to-end payment services to importers and exporters. This involves offering collections, settlements, and foreign exchange flows using a single platform, which can simplify cross-border trade for both small and medium-sized businesses.
Payoneer India is also enjoying the international presence of the parent company, Payoneer Global. The organisation is a controlled organisation in the United States, Europe, the United Kingdom, Hong Kong, Japan, Singapore, China, and Australia. This global presence helps in making it easier to comply and make faster payments in various markets. The company indicated that it has more than 190 countries and territories in which it serves people. It served close to two million active customers within the past year that ended in the third quarter of 2025. It also had a large global scale as its transaction volume must have exceeded over 80 billion in the same period.
Chief executive officer Rohit Kulkarni stated the PA-CB authorisation will enable Payoneer India to provide full worldwide solutions. These will be the services related to import and export payments, which will assist Indian businesses to gain new markets. We are of the opinion that these controlled platforms will alleviate friction and introduce some transparency to the international trade flows. Some of the other players that have complete RBI authorisation include Razorpay, Cashfree Payments, Skydo, and BriskPe. With the increased intensity of competition, the firms with high compliance and international scope can eventually have an advantage in the growing cross-border payments in India.
