PayGlocal gets final RBI nod for two-way cross-border payment transactions
19 Nov 2025, 05:47 PMThe Bengaluru-based startup will use its expanded authorization to strengthen its cross-border payment infrastructure, among others.
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PayGlocal has received the final approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA) for cross-border inward and outward transactions (PA-CB-I&O).
The final authorisation allows PayGlocal to facilitate cross-border payments in both directions, it said in a statement.
The Bengaluru-based startup will use its expanded authorization to strengthen its cross-border payment infrastructure, support global merchants seeking to tap into India's digital commerce market, and enable Indian businesses to scale their international operations.
The platform says it combines intelligent routing, fraud prevention systems, and high-uptime infrastructure to deliver compliant payment experiences across markets.
PayGlocal was founded by Prachi Dharani (co-founder and CEO), Rohit Sukhija, and Yogesh Lokhande in 2021. Its platform allows merchants across export, retail, travel, education, and SaaS sectors to accept payments in over 130 currencies and more than 40 payment methods.
Its product portfolio includes Multi-Currency Accounts for local collections, international and domestic payment gateways, alternative payment methods, Apple Pay acceptance, Ascendium (its payment success accelerator), and INReach, which enables global merchants, licensed aggregators, and banks to accept payments from Indian customers through UPI, cards, and net banking.
Speaking on the authorization, Prachi Dharani, co-founder and CEO of PayGlocal, noted that while PayGlocal has enabled Indian businesses to collect international payments with compliance and trust, the new license now permits support for outward payment flows, allowing global merchants to accept payments from India through secure local methods.
This approval builds upon PayGlocal's earlier RBI authorization as a PA for online transactions, which it received in September 2024.
The company is backed by prominent investors including Tiger Global and Peak XV Partners.
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