finpeel Answers · India · updated 2026-08-14

Do I need RBI approval for a cross-border payment aggregator?

Yes, for a non-bank entity providing regulated Payment Aggregator–Cross Border (PA-CB) services. RBI brought entities facilitating online cross-border import/export payments for permissible goods and services under direct regulation.

PA-CB is a distinct regulatory classification for cross-border payment aggregation, and authorisation can be sought for the categories specified by RBI.

Domestic PA authorisation should not be assumed to cover every cross-border import/export flow; map the PA-CB rules and FEMA/authorised-dealer roles as well.

Regulator: Reserve Bank of India (RBI)

Primary sources: RBI — Regulation of Payment Aggregator – Cross Border

Directional — not legal advice. Verify with the regulator before committing.

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