The Reserve Bank of India (RBI) has given PayPal Payments Pvt Ltd (PayPal), the Indian division of PayPal Holdings Inc., in-principle permission to function as a Payment Aggregator–Cross Border–Exports (PA-CB-E). According to a statement from the firm, this is a significant turning point in PayPal’s activities in India and its ongoing assistance for Indian small companies, allowing safe cross-border payments to almost 200 markets.

The decision coincides with India’s exports hitting USD 73.8 billion in April 2025, highlighting the growing strength of international commerce.

“The RBI’s in-principle PA-CB-E clearance marks a critical turning point for PayPal. It demonstrates the robustness of India’s regulatory framework and the advancements made in the direction of safe, easy cross-border transactions. PayPal is dedicated to providing Indian companies with reliable digital payment options as the country develops into a major export center, according to Nath Parameshwaran, Senior Director-Government Relations at PayPal India.

PayPal is working to make international selling easier for Indian small companies with a growing range of locally tailored products, including PayPal Checkout, PayPal Invoicing, and No-Code checkout solutions. Over the last 25 years, PayPal has shown innovation at every significant turning point in the business world, according to Abid Murshed, Head of Sales at PayPal India.

“We have been providing reliable and secure payment options in India for over ten years, allowing freelancers and small enterprises to engage in international trade. We support our clients as they grow into new trade corridors and satisfy changing global consumer expectations as trade dynamics change, bringing with them both new possibilities and difficulties,” Murshed said.

PayPal stated that the in-principle clearance enables it to continue providing cross-border payment services in a regulated environment, giving Indian merchants more security, consistency, and transparency in their international transactions.

According to the statement, this creates new opportunities for localized product developments, better customer experiences, and easier access to PayPal’s worldwide payment network for Indian freelancers, small companies, and major corporations.