Recently, fintech giant Razorpay received the Payment Aggregator-Cross Border (PA-CB) license from the Reserve Bank of India, allowing it to facilitate both inbound and outbound cross-border transactions.
The new authorization expands its ability to offer compliance-aligned payments infrastructure to companies operating in various markets, the company said in a statement.
“A growing number of Indian companies are being built for global customers from day one, just as a rising wave of global companies choose India as one of their key growth markets. What these companies need are financial rails that make it as easy to serve a customer in New York or Singapore as in Mumbai,” says Shashank Kumar, MD and co-founder of Razorpay.
The license will enable the company to support international collections in over 130 currencies and onboard global platforms looking to offer UPI, RuPay, EMIs, netbanking and other India-specific payment methods without the need for a local entity.
Cashfree Payments has announced a strategic partnership with JP Morgan Payments, which will act as an authorized dealer category I (AD-I) bank. The partnership will enable Cashfree to process import transactions under RBI regulations, strengthening its compliance and settlement infrastructure.
“As India sets global benchmarks in digital payments, the next era will be defined by enabling global companies to enter India the right way, while Indian consumers can effortlessly shop from global brands,” said Akash Sinha, CEO and co-founder of Cashfree Payments. Combining JP Morgan’s global rails with Cashfree’s local stack creates “the foundation for global companies to expand into India with confidence and speed,” he said.
As fintechs scale up compliant infrastructure and build partnerships with banks, India’s cross-border payments landscape is poised for accelerated expansion, mirroring the broader wave of global digital commerce.
Published on December 2, 2025
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