PayPal Approved by RBI to Act as Cross-Border Payments Aggregator
Hey Payments Fanatic!
The Reserve Bank of India (RBI) has granted in-principle approval to PayPal Payments Private Limited to operate as a cross-border payment aggregator for exports. While the designation may sound technical, it opens up broader access for Indian exporters to global markets through a more formal and regulated digital channel.
With services like PayPal Checkout, Invoicing, and No-Code Checkout, the company offers localized solutions aimed at simplifying global transactions for Indian sellers. This approval allows PayPal to legally facilitate regulated and secure transactions across nearly 200 markets, connecting Indian entrepreneurs to customers across borders, with systems built for speed, compliance, and scale.
“The in-principle PA-CB-E approval by RBI is a significant milestone for PayPal,” said Nath Parameshwaran, Senior Director, Government Relations, PayPal India. “It reflects the strength of India’s regulatory vision and the progress toward seamless, secure cross-border transactions.”
This approval is part of a wider push by the RBI to formalize digital cross-border payments under the Payment Aggregator–Cross Border (PA-CB) framework introduced in 2021. While PayPal still awaits final authorization, this step strengthens its long-standing presence in India’s evolving export ecosystem.
Read more global payment industry updates below 👇 and I'll be back with more tomorrow!
Cheers,
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INSIGHTS
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NEWS
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🇺🇸 Chargebacks911 appoints Donald Kossmann as CTO to lead AI-driven innovation in payments. Possessing more than 30 years of experience in computer science, AI, data systems, and fraud protection, Kossmann brings a rare blend of academic distinction and enterprise innovation to the role.
GOLDEN NUGGET
𝐁𝟐𝐁 𝐗-𝐛𝐨𝐫𝐝𝐞𝐫 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐎𝐫𝐜𝐡𝐞𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 — by Circle 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 🌍 Created by Arthur Bedel
𝐖𝐡𝐚𝐭 is the Circle Payments Network (𝐂𝐏𝐍)?
► CPN is a programmable, interoperable infrastructure enabling compliant global payments via FIAT, USDC, and regulated stablecoins.
► It connects Originating Financial Institutions (OFIs) and Beneficiary Financial Institutions (BFIs) through open blockchain protocols — optimizing payments for speed, compliance, and cost.
► Built for cross-border B2B transactions, CPN replaces complex correspondent banking with smart contracts, encrypted data packets, and multichain rails.
𝐂𝐏𝐍 𝐂𝐨𝐫𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬
► 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐞𝐫 𝐓𝐨𝐨𝐥𝐬 → Wallet SDKs, Paymasters, Contracts
► 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐀𝐬𝐬𝐞𝐭𝐬 → USDC, EURC, and Tokenized Funds
► 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 → On/off-ramp FX, credit, minting
► 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 → Native multichain support + global banking integration
► 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 & 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 → Encryption, AML/CFT, KYC, and travel rule enforcement
► 𝐁𝐢𝐥𝐥𝐢𝐧𝐠, 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧, 𝐑𝐢𝐬𝐤 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 → Embedded across all endpoints
𝐓𝐡𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐅𝐥𝐨𝐰 — B2B Cross-Border Payment Journey
1️⃣ A Sender initiates a payment (e.g., USD → PHP), confirms transaction and recipient details.
2️⃣ The Originating Financial Institution (OFI) queries Circle for USDC > PHP rates, shares quote, and generates an encrypted transaction packet.
3️⃣ The Circle Payments Network facilitates orchestration, routing, and packet signing using smart contracts.
4️⃣ The Beneficiary Financial Institution (BFI) receives transaction data, performs compliance checks, and transfers local currency (PHP) to the Receiver.
Every step — from quote to final payout — is secured with blockchain signatures, onchain record-keeping, and real-time compliance workflows.
𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 in this new blockchain-payment wave:
► Dfns → Digital Wallet Infrastructure
► Lightspark → Open protocol for money
► Zero Hash → Blockchain Payments Infrastructure
► Mural Pay → Stablecoins Payments
► Lyzi → Online & In-store Crypto Payments
Source: Circle Payments Network
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