Razorpay secures Payment Aggregator Cross Border license from the RBI

Fintech major Razorpay has secured the payment aggregator cross border (PA–CB) license from the Reserve Bank of India (RBI), becoming one of the few fintech companies permitted to facilitate both inward and outward cross-border payments under full regulatory oversight. 

The authorisation places the Bengaluru-based company in a small cohort of players trusted to manage global money flows for Indian and international businesses.

Razorpay said the license strengthens its position as a regulation-forward platform for global payments. The company works with exporters, SaaS firms, freelancers, D2C brands, and global enterprises expanding into India. Its international payments stack is used by companies such as Airbnb, Agoda, Klook, Shopify and Hostinger.

Shashank Kumar, managing director and cofounder of Razorpay, said, “A growing number of Indian businesses today are being built for global customers from day one, just as a rising wave of global companies are choosing India as one of their most important growth markets. What these businesses need are financial rails that make it just as easy to serve a customer in New York or Singapore as it is in Mumbai. At Razorpay, we've always seen ourselves as a money-movement platform for businesses, not just a payments company.”

He added, “With Razorpay International Payments, we're taking the complexity out of cross-border payments and creating one trusted solution for ambitious businesses on both sides. Further, receiving the PA-CB license reinforces our deep focus on compliance, our partnerships with banks and regulators, and our commitment to helping Indian businesses participate in the global economy with confidence.”

Razorpay International Payments is designed around how digital money actually moves across borders. Indian exporters can accept payments in more than 130 currencies through cards, wallets and local bank transfers, with optimised flows that the company says deliver a 95 percent success rate on international transactions.

For global companies entering India, Razorpay provides a single integration for UPI, RuPay, EMIs, netbanking and more than 100 local payment methods. Businesses can go live in India without setting up a local entity. They also receive INR-based pricing, OTP-led checkout and India-based support.

Razorpay, which was founded in 2014 by IIT Roorkee alumni Shashank Kumar and Harshil Mathur, has raised more than $741 million from investors such as Lightspeed, Tiger Global, GIC, Peak XV Partners, Alkeon Capital, Lone Pine Capital, Ribbit Capital, Matrix Partners, Salesforce Ventures and Y Combinator.