ENA Sectors 2025-05-28 15:38:58 <p><span style="font-size:14px"><strong>New Delhi, May 28 (KNN) </strong>PayPal Payments Private Limited has received in-principle approval from the Reserve Bank of India to operate as a Payment Aggregator for Cross Border Exports (PA-CB-E).</span></p> <p><span style="font-size:14px">The approval was announced on Wednesday by the Indian subsidiary of Nasdaq-listed PayPal Holdings Inc., marking a significant development in the company's operations within the country.</span></p> <p><span style="font-size:14px">The regulatory approval enables PayPal to facilitate secure cross-border payments for Indian businesses across approximately 200 global markets.</span></p> <p><span style="font-size:14px">This development coincides with India's export performance reaching USD 73.8 billion in April 2025, reflecting the country's growing prominence in international trade.</span></p> <p><span style="font-size:14px">According to Nath Parameshwaran, Senior Director of Government Relations, PayPal India, the PA-CB-E approval represents a crucial milestone for the company.</span></p> <p><span style="font-size:14px">He emphasised PayPal's commitment to supporting Indian businesses with reliable digital payment solutions as the country establishes itself as a global export hub.</span></p> <p><span style="font-size:14px">The approval framework allows PayPal to continue providing cross-border payment services while operating within established regulatory guidelines.</span></p> <p><span style="font-size:14px">This structure is designed to support Indian merchants in conducting international transactions through a compliant system that meets RBI requirements.</span></p> <p><span style="font-size:14px">PayPal currently offers various localised services including PayPal Checkout, PayPal Invoicing, and No-Code Checkout tools.</span></p> <p><span style="font-size:14px">Abid Murshed, Head of Sales, PayPal India, noted that the company remains positioned to assist customers as they navigate evolving trade dynamics and expand into emerging global markets.</span></p> <p><span style="font-size:14px">The regulatory approval is expected to facilitate the development of localised product innovations and enhanced customer experiences.</span></p> <p><span style="font-size:14px">PayPal indicated that the approval will improve access to its global payment network for various business segments in India, including large enterprises, small businesses, and individual freelancers seeking to engage in cross-border commerce.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42242 https://knnindia.co.in/news/newsdetails/sectors/paypal-receives-rbi-approval-for-cross-border-export-payment-services 2025-05-28 15:38:58 knnindia.co.in