Xflow receives RBI’s approval to operate as cross-border payments aggregator

Xflow, a cross-border payments platform, has received the Reserve Bank of India’s (RBI) In-Principle authorisation to operate as an online payment aggregator for Cross-Border (PA-CB) transactions. 

According to the fintech firm, the in-principle authorisation covers both export and import flows, enabling Xflow to further streamline global payments for businesses. 

“The IPA (in-principle authorisation) will significantly strengthen our position in the market as a full-stack cross-border payments platform. With the ability to support both exports and imports workflows, we will be better equipped than ever to simplify global money movement for businesses. This nod from RBI is a validation of the trust 10,000+ businesses have placed in us” said Anand Balaji, Co-founder & CEO, Xflow.

“We’re doubling down on our mission to simplify cross-border money movement and plan to serve 30,000 businesses by the end of this year.” Anand adds. 

The announcement follows the launch of Xflow’s FX AI Analyst by Xflow, which it calls India’s first AI-powered tool that helps businesses track USD/INR trends, make informed currency conversion decisions, and maximise earnings on every dollar.

Xflow is backed by notable investors like Lightspeed, General Catalyst, Moore Strategic Ventures, and US-based Stripe.