🐘India🇮🇳: PayPal receives preliminary approval to operate as a cross-border payment aggregator

🐘India🇮🇳: PayPal receives preliminary approval to operate as a cross-border payment aggregator

The company has operated in India for more than 10 years, and until now functioned under the license of Online Payment Gateway Service Provider (OPGSP). However, starting from October 2024, payment aggregators require specific authorization from the Reserve Bank of India (RBI). In this context, PayPal received preliminary approval to continue operating legally in the country.

🔣 Local services by PayPal in India: PayPal Checkout, Invoicing, and No-Code Checkout, mainly aimed at small businesses and freelancers.

🔣 Main competitors: Skydo, Worldline ePayments India, BRISKPE, and Wise.

🔣 Context: in April 2025, India’s exports reached USD 73.8 billion, reinforcing its role in international trade. In this scenario, cross-border payments take on strategic importance.

#news #India

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