In a significant regulatory development for India’s fintech ecosystem, Razorpay has received the Payment Aggregator – Cross Border (PA–CB) license from the Reserve Bank of India (RBI). This authorization empowers the company to facilitate both inward and outward cross-border payments under full regulatory oversight, marking a major milestone for Indian businesses engaged in global trade.
With the new license, Razorpay will support a wide spectrum of users including exporters, SaaS platforms, freelancers, D2C brands, and international companies operating in India. According to the company, its cross-border business is already expanding at 40% year-on-year, reflecting the rising demand for seamless global payment solutions.
Razorpay’s international payments stack is used by global brands such as Airbnb, Agoda, Shopify, Klook, and Hostinger, offering Indian businesses the ability to accept payments in 130+ currencies through cards, local bank transfers, and digital wallets. The company reports a 95% success rate on international transactions, powered by optimized payment flows and advanced risk management.
For global firms entering India, Razorpay now enables a single integration supporting UPI, RuPay, EMIs, netbanking, and over 100 local payment methods, without the need to establish a local entity. Features such as INR-based pricing, OTP-led checkout, and India-based customer support aim to simplify market entry for international players.
Backed by over $741 million in funding from marquee investors including Lightspeed, Tiger Global, TCV, GIC, Y Combinator, and Salesforce Ventures, Razorpay now joins a select group of fintech companies authorized to offer all major payment capabilities on a unified platform. This development follows recent approvals awarded to Easebuzz, PayU, and Pine Labs, signaling stronger regulatory alignment across India’s fast-growing fintech sector.
With the new license, Razorpay is poised to play a pivotal role in accelerating India’s global digital commerce ambitions.
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