Razorpay has received the Payment Aggregator Cross Border (PA–CB) license from the Reserve Bank of India, positioning the company among a limited group of fintech firms authorised to manage both inward and outward cross-border payments. The approval strengthens the Bengaluru-based financial technology company’s role in facilitating global money movement under full regulatory oversight.

Razorpay Payments

The license allows Razorpay to support exporters, SaaS companies, freelancers, direct-to-consumer brands and multinational businesses entering India. The company’s international payments stack is already used by global firms including Airbnb, Agoda, Klook, Shopify and Hostinger. With the new approval, Razorpay becomes part of a small cohort entrusted by the RBI to enable compliant and secure international financial flows.

Company cofounder and managing director Shashank Kumar said the approval reflects a growing need among Indian businesses that operate across markets. He noted that global firms expanding into India also require efficient financial infrastructure that can support diverse customer bases across geographies.

Cross-Border License

Kumar said Razorpay aims to simplify the complexities associated with cross-border transactions. He added that the PA–CB authorisation reinforces the company’s focus on compliance and collaboration with banking partners and regulators. Razorpay International Payments has been built to streamline global flows through a unified platform, reducing friction for exporters and international enterprises.

Indian exporters using the platform can accept payments in over 130 currencies through cards, wallets and bank transfers. Razorpay claims these payment flows deliver a 95 per cent success rate for international transactions. The system is designed to reflect how digital money moves across jurisdictions, with optimised routing that aligns with regulatory frameworks.

For global companies entering India, the platform offers a single integration that supports UPI, RuPay, EMIs, netbanking and more than 100 local payment methods. Businesses can begin operating in the Indian market without establishing a local entity, while receiving features such as INR-based pricing, OTP-driven checkout and domestic customer support.

Fintech Growth Continues

Founded in 2014 by IIT Roorkee alumni Shashank Kumar and Harshil Mathur, Razorpay has grown into one of India’s leading payment and financial technology service providers. The company has raised more than USD 741 million from investors including Lightspeed, Tiger Global, GIC, Peak XV Partners, Alkeon Capital, Lone Pine Capital, Ribbit Capital, Matrix Partners, Salesforce Ventures and Y Combinator.

Razorpay said the cross-border approval further aligns with its long-term goal of enabling frictionless money movement for businesses operating across markets. The company continues to enhance its offerings to help Indian firms reach international customers while supporting global enterprises expanding into India’s large consumer base.

Bengaluru Fintech Startups

Bengaluru remains one of India’s strongest fintech hubs, home to several companies working across payments, lending, wealth management and compliance technology. Startups in the city continue to attract domestic and global interest as India’s digital economy expands.

Razorpay’s new regulatory approval adds to the region’s momentum, reflecting the sector’s increasing maturity and capability to meet stringent compliance requirements. Industry observers expect more fintech platforms to pursue specialised licenses as competition deepens and demand grows for regulated cross-border financial infrastructure.