Razorpay Secures RBI Approval for Cross-Border Payments, Joins Elite Fintech Group

Razorpay has obtained the Payment Aggregator – Cross Border (PA–CB) license from the Reserve Bank of India, positioning itself alongside major players like Amazon Pay and Adyen. This authorization enables the Bengaluru-based fintech to process international transactions in over 130 currencies, offering Indian merchants seamless global payment capabilities without requiring local entities abroad.

The PA–CB framework, introduced in October 2023, mandates strict compliance including a ₹15 crore net worth threshold for applicants. Razorpay's approval comes as India's cross-border e-commerce market is projected to reach $125 billion, with the platform now permitted to handle transactions up to ₹25 lakh per unit.

This regulatory milestone strengthens Razorpay's position in the evolving digital payments landscape, where cryptocurrency and traditional finance increasingly converge. The RBI's rigorous oversight framework includes enhanced KYC verification for merchants and vetting procedures for high-value import transactions.