Razorpay gets RBI nod for cross-border payment aggregation ahead of IPO

Razorpay has received the Payment Aggregator–Cross Border (PA-CB) license from the Reserve Bank of India, making it one of the few fintech companies allowed to handle both incoming and outgoing international payments under full RBI rules.

This approval puts the Bengaluru-based company among a select group trusted to handle international money transfers for businesses in India and abroad.

Razorpay said the license further strengthens its position as a compliant and reliable platform for global payments. The company supports exporters, SaaS companies, freelancers, D2C brands, and global firms entering India. Its international payments system is used by brands like Airbnb, Agoda, Klook, Shopify, and Hostinger.

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Shashank Kumar, managing director and cofounder of Razorpay, said, “A growing number of Indian businesses today are being built for global customers from day one, just as a rising wave of global companies are choosing India as one of their most important growth markets. What these businesses need are financial rails that make it just as easy to serve a customer in New York or Singapore as it is in Mumbai. At Razorpay, we've always seen ourselves as a money-movement platform for businesses, not just a payments company.”

He added, “With Razorpay International Payments, we're taking the complexity out of cross-border payments and creating one trusted solution for ambitious businesses on both sides. Further, receiving the PA-CB license reinforces our deep focus on compliance, our partnerships with banks and regulators, and our commitment to helping Indian businesses participate in the global economy with confidence.”

Razorpay International Payments is built to match how digital money actually moves across countries. Indian exporters can receive payments in over 130 currencies through cards, wallets, and local bank transfers, with optimised systems that the company says give a 95% success rate for international transactions.

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For global companies entering India, Razorpay offers one simple integration for UPI, RuPay, EMIs, netbanking, and 100+ local payment options. This lets businesses start accepting payments in India without opening a local entity. They also get INR-based pricing, OTP-based checkout, and India-focused customer support.

Razorpay was founded in 2014 by IIT Roorkee alumni Shashank Kumar and Harshil Mathur. The company has raised over $741 million from investors including Lightspeed, Tiger Global, GIC, Peak XV Partners, Alkeon Capital, Lone Pine Capital, Ribbit Capital, Matrix Partners, Salesforce Ventures, and Y Combinator.

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