StopDownOpen the app

Policy · Financial Services

Payoneer gets RBI approval for cross-border payments

By ·

Date
Company
Payoneer
What it does
Cross-border payment facilitator
Kind
Policy
Sector
Financial Services

What they do

Payoneer facilitates global money transfers for businesses and individuals

What happened

The Reserve Bank of India granted authorization for cross-border transactions

Why it matters

This allows Payoneer to serve Indian importers and exporters directly

The details

  • Payoneer received In-Principle Authorization from the Reserve Bank of India (RBI).
  • The authorization is for Payment Aggregator - Cross Border (PA-CB) operations.
  • This status enables inward and outward cross-border transaction facilitation.
  • The move formalizes Payoneer's regulatory presence in the Indian market.
  • It allows direct handling of international payments for Indian entities.

The bigger picture

  • India's export economy is projected to exceed $850 billion in 2026.
  • Regulatory clarity supports growth in cross-border trade services.
  • PA-CB licenses are critical for legal operation in this segment.

About the business

  • Payoneer targets Indian importers, exporters, and SMBs.
  • Products include accounts payable features for business management.
  • The platform offers streamlined onboarding and KYC processes.
  • Active customers numbered nearly 2 million as of Q3 2025.
  • Transaction volume exceeded $80 billion in the trailing twelve months.
  • Payoneer maintains regulated presence in the US, Europe, UK, and Asia.
  • Operations span Hong Kong, Japan, Singapore, China, and Australia.

Read it as a card in the app

Same day

All startup news on 22 January 2026 →