New Delhi
PayPal Payments Pvt Ltd, the Indian arm of PayPal Holdings Inc, has received in-principle approval from the Reserve Bank of India (RBI) to work as a Payment Aggregator for Cross Border Exports (PA-CB-E). This step will help Indian businesses securely handle international payments.
The approval is a major step for PayPal in India, especially as Indian exports hit USD 73.8 billion in April 2025. It will allow PayPal to help Indian exporters reach over 200 global markets with safe and trusted payment options.
“This approval shows India’s strong regulatory vision and commitment to smooth, safe global trade,” said Nath Parameshwaran, Senior Director of Government Relations at PayPal India. He added that PayPal will keep helping Indian small businesses with useful digital tools.
PayPal offers several features like PayPal Checkout, PayPal Invoicing, and no-code checkout tools. These make it easier for Indian businesses to sell their products around the world.
Abid Murshed, Head of Sales at PayPal India, said PayPal has helped Indian freelancers and small businesses for over a decade. The company aims to help them succeed in new and changing global markets.
This RBI approval lets PayPal operate under official rules, improving service quality, safety, and support for merchants. It also paves the way for local product development and better customer experiences.
The move boosts PayPal’s mission to support exporters, big companies, freelancers, and small businesses as India continues to grow as a global trade hub.
