In a major boost to India’s global payments ecosystem, Razorpay on Tuesday announced that it has received the Payment Aggregator – Cross Border (PA-CB) licence from the Reserve Bank of India (RBI). The authorisation places Razorpay among a select group of fintech firms permitted to facilitate both inward and outward cross-border transactions under full regulatory oversight.
According to the company, the licence strengthens Razorpay’s position as one of India’s most trusted, compliance-focused financial infrastructures powering international money movement. The platform already supports high-growth exporters, SaaS firms, freelancers, D2C brands and global companies operating in India.
Razorpay said its enhanced cross-border stack is trusted by major global brands such as Airbnb, Agoda, Klook, Shopify, and Hostinger, reflecting its scale and reliability.
Shashank Kumar, Co-founder and Managing Director of Razorpay, said the licence arrives at a time when Indian companies are being built for global markets from day one.
“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,” he noted.
“With Razorpay International Payments, we’re taking the complexity out of cross-border payments… Receiving the PA-CB licence reinforces our deep focus on compliance and our commitment to helping Indian businesses participate in the global economy with confidence.”
Razorpay International Payments aims to simplify global money movement in a digital-first economy:
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For exporters: Indian businesses can accept payments in more than 130 currencies, via cards, wallets, and local bank transfers, with 95% success rates on international transactions.
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For global entrants into India: Companies can go live instantly without setting up an India entity, offering UPI, RuPay, EMIs, netbanking and 100+ local payment methods via a single integration, with India-native pricing and OTP-based checkout.
As global digital commerce continues to expand, Razorpay aims to become the default operating system for cross-border money flows, combining payments, compliance, and infrastructure on one platform.
Founded in 2014 by IIT Roorkee alumni Shashank Kumar and Harshil Mathur, Razorpay has grown to become one of India’s leading technology-driven payment and banking platforms for businesses.
