Wednesday, 28 May, 2025

PayPal and Worldline Secure RBI Approval to Operate as Cross-Border Payment Aggregators

The Reserve Bank of India (RBI) has granted in-principle approval to PayPal Payments Pvt Ltd and Worldline ePayments India to function as cross-border payment aggregators under the Payment and Settlement Systems Act, 2007. This authorization enables both companies to facilitate international online transactions for the import and export of goods and services. The move aligns with RBI's efforts to streamline cross-border digital payments and bolster India's digital commerce ecosystem.