PayGlocal has secured final authorisation from the Reserve Bank of India to operate as a Payment Aggregator – Cross Border – Inward and Outward (PA-CB-I&O), enabling the FinTech to facilitate both inbound and outbound online payment flows.
The approval allows Indian exporters, freelancers and businesses serving global clients to continue receiving payments from overseas, while international companies can accept payments from Indian customers through UPI, cards and other payment methods.
The latest licence follows the Payment Aggregator – Online (PA-O) authorisation granted to the company in September 2024, further expanding its position within India’s regulated digital payments framework. Company executives noted that the new approval broadens the scope of services PayGlocal can offer in the cross-border segment, which is growing in tandem with India’s expanding digital commerce landscape. Investors supporting the company added that the certification opens opportunities in a wider market, including outward payment flows.
PayGlocal’s existing offerings include domestic and international payment gateway services, multi-currency accounts, alternate payment methods and tools designed to enhance payment success rates and strengthen fraud prevention. The new authorisation is expected to reinforce its cross-border payments stack for businesses operating across multiple markets.
Founded in 2021, the Bengaluru-based firm works with merchants across sectors such as exports, retail, travel, education and software services.
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