Payoneer receives In-Principle Authorization as cross-border payment aggregator in India

Payoneer India Pvt Ltd, a subsidiary of Payoneer Global Inc, was granted In-Principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator - Cross Border (PA-CB) for facilitating Inward and Outward transactions.

Payoneer said that the authorisation will enable it expand its operations in India and provide end-to-end cross-border payment solutions to Indian importers and exporters for inward and Outward cross-border transactions.

Indian SMBs will be able to use a broader range of Payoneer products, including accounts payable features, and experience streamlined onboarding and “Know Your Customer” (KYC) processes.

“Our in-principle authorization from the Reserve Bank of India is a testament to our more than decade-long presence in the local market and support of India’s thriving export economy, which is projected by the India Department of Commerce to exceed $850 billion in 2026,” said Rohit Kulkarni, CEO, Payoneer India.

“With the PA-CB authorization, we will be equipped to provide comprehensive cross-border payment solutions for both import (Outward) and export (Inward) transactions, helping Indian businesses tap into new opportunities and scale globally.”

“This in-principle authorization is an important step toward further expanding Payoneer’s global regulatory infrastructure and strengthening our regulatory foundation in India, reflecting our long-term commitment to the market,” said Tsafi Goldman, Chief Legal and Governance Officer, Payoneer.

“With our growing team on the ground, we’re continuing to invest in India while at the same time empowering SMBs across the region to scale their businesses globally through our regulated platform.”

Over the trailing 12 months as of Q3 2025, the company served nearly two million active customers and processed over $80 billion in transaction volume.

Payoneer operates as a regulated entity across major financial jurisdictions, including the United States, Europe, the United Kingdom, Hong Kong, Japan, Singapore, China and Australia, enabling SMBs, enterprises, and marketplaces to securely transact globally.