Payoneer gets in-principle nod from RBI to operate as cross-border PA
21 Jan 2026, 03:40 PMPayoneer's platform currently serves clients across more than 190 countries and territories.
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Payoneer India Pvt Ltd, a subsidiary of Payoneer Global Inc, has received the in-principle approval from the Reserve Bank of India (RBI) to function as a cross-border payment aggregator.
The authorization permits the financial technology firm to facilitate both incoming and outgoing international transactions for Indian businesses, it said in a statement.
"Our in-principle authorization from the Reserve Bank of India is a testament to our more than decade-long presence in the local market and support of India’s thriving export economy, which is projected by the India Department of Commerce to exceed $850 billion in 2026," said Rohit Kulkarni, CEO, Payoneer India.
Tsafi Goldman, Payoneer's chief legal officer, emphasized that this development reinforces the company's regulatory framework in India and demonstrates ongoing commitment to the market.
"With our growing team on the ground, we’re continuing to invest in India while at the same time empowering SMBs across the region to scale their businesses globally through our regulated platform," added Goldman.
Payoneer's platform currently serves clients across more than 190 countries and territories through partnerships with nearly 100 banking institutions and payment service providers. Recent financial data shows the company handled over $80 billion in transaction volume over a twelve-month period, supporting close to two million active users.
The RBI has handed out cross-border payment aggregator licenses to fintech majors such as Paytm, RazorPay and Pine Labs as well as to other companies including EximPe in the last one year.
Earlier this month, Skydo received the final approval from the central bank to operate as a cross-border payment aggregator.
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