RBI Grants In-Principle Approval to Payoneer India as PA-CB
In January 2026, the Reserve Bank of India (RBI) granted in-principle approval to Payoneer India Private Limited, a subsidiary of United States of America(USA)-based Payoneer Global, to operate as a Payment Aggregator – Cross Border (PA-CB), enabling it to facilitate cross-border payment transactions for Indian importers and exporters.
In January 2026, the Reserve Bank of India (RBI) granted in-principle approval to Payoneer India Private Limited, a subsidiary of United States of America(USA)-based Payoneer Global, to operate as a Payment Aggregator – Cross Border (PA-CB), enabling it to facilitate cross-border payment transactions for Indian importers and exporters.
- What? RBI granted in-principle approval for PA-CB license
- To Whom? Payoneer India
- Purpose: To manage cross-border transactions for both imports (outward) and exports (inward).
About Payoneer PA-CB Approval:
Operations: Payoneer India will enable end-to-end inward and outward cross-border payment transactions, allowing Indian exporters to receive overseas funds and importers to make international payments.
Objective: The approval aims to enable Indian businesses, particularly Micro, Small and Medium Enterprises (MSMEs) and startups, to access global markets and scale international trade operations.
Key Criteria: Non-bank entities must obtain RBI authorisation, maintain a net worth of Rs.15 crore initially (Rs.25 crore by year three), adhere to a Rs.25 lakh per-transaction limit, and keep separate accounts for imports and exports with no netting.
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