Razorpay has secured the payment aggregator cross border (PA–CB) license from the Reserve Bank of India. This authorisation permits the company to facilitate both inward and outward cross-border payments under full regulatory control.

Key Highlights

• Razorpay obtains regulator’s cross-border payment licence, enabling international settlements and global operations.
• The licence from Reserve Bank of India strengthens Razorpay’s position in global payments and enhances compliance credentials.

With the new license, Razorpay will serve exporters, SaaS firms, freelancers, D2C brands, and worldwide companies operating in India. Businesses including Airbnb, Agoda, Shopify, Klook, and Hostinger use Razorpay's worldwide payments stack. The cross-border industry is expanding at a rate of 40% annually.

With Razorpay International Payments, Indian companies may take payments via cards, wallets, and local bank transfers in over 130 different currencies. The technology enables improved payment processes with a reported 95% success rate for international transactions.

Razorpay provides a single integration that supports UPI, RuPay, EMIs, netbanking, and more than 100 local payment methods for international businesses entering India. Businesses do not need to establish a local entity in order to operate in India. The technology allows for OTP-led checkout, INR-based pricing, and customer service from India.

Also Read: Paytm Receives Final RBI Approval to Operate as Payment Aggregator

Investors such as Lightspeed, Lone Pine Capital, Alkeon Capital, TCV, GIC, Tiger Global, Peak XV Partners, Ribbit Capital, Matrix Partners, Salesforce Ventures, and Y Combinator have contributed around $741 million to the company.

With this, Razorpay enters the list of few payment fintech businesses in India permitted to offer all three essential payment capabilities under a single infrastructure. The Reserve Bank of India (RBI) also granted integrated authorization to Easebuzz, PayU, and Pine Labs last month.