Razorpay Secures RBI Payment Aggregator–Cross Border Licence

Overview

• The PA–CB licence allows Razorpay to aggregate regulated inward and outward payments, placing it among a select group of RBI‑approved providers.
• Razorpay International Payments enables Indian exporters to accept payments in 130+ currencies via cards, wallets and local bank transfers.
• Global platforms can launch in India without creating a local entity, offering UPI, RuPay, EMIs, netbanking and 100+ local methods through a single integration.
• Under the PA–CB framework, providers face stricter compliance such as merchant KYC, with per‑unit cross‑border transactions permitted up to ₹25 lakh and the regime replacing the earlier OPGSP model.
• The approval aligns with Razorpay’s IPO preparation after redomiciling to India and converting to a public limited company, with FY25 operating revenue up 65% to ₹3,783 crore and one‑off tax and ESOP charges pressuring profit.