{"id":28022,"date":"2026-10-06T15:18:37","date_gmt":"2026-10-06T09:48:37","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=28022"},"modified":"2026-10-06T15:18:37","modified_gmt":"2026-10-06T09:48:37","slug":"razorpay-rbi-pa-cb-licence-international-payments","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/razorpay-rbi-pa-cb-licence-international-payments\/","title":{"rendered":"Razorpay&#8217;s RBI PA-CB Licence Explained: International Payments for Indian Businesses"},"content":{"rendered":"<p>Razorpay is an RBI-authorised payment aggregator for both inward and outward cross-border payments. The Reserve Bank of India\u2019s authorised-operator register, dated 30 September 2026, lists Razorpay Payments Private Limited, formerly Razorpay Software Private Limited, under PA-CB-I &amp; O.<\/p>\n<p>Razorpay <a href=\"https:\/\/razorpay.com\/newsroom\/razorpay-secures-rbis-cross-border-license-igniting-its-push-to-redefine-global-payments-from-india\/\">announced its PA-CB authorisation<\/a> on 2 December 2025. For Indian businesses evaluating international payments, the important checks are the provider\u2019s legal entity, its authorised payment direction and the eligibility requirements of the payment product being used.<\/p>\n<p>This guide explains Razorpay\u2019s authorisation, the international payment flows it supports and how to verify its status using RBI\u2019s records<\/p>\n<div style=\"border-left: 4px solid #007BFF; background: #f0f8ff; padding: 25px; margin: 30px 0; font-family: Arial, sans-serif; text-align: left;\">\n<h3 style=\"margin-top: 0; color: #007bff; font-size: 22px;\">Key Takeaways<\/h3>\n<ul style=\"margin: 15px 0; padding-left: 20px; color: #333; line-height: 1.6;\">\n<li>Razorpay Payments Private Limited is listed in RBI\u2019s authorised-operator register under PA-CB-I &amp; O, covering inward and outward cross-border transactions.<\/li>\n<li>Razorpay announced its PA-CB authorisation on 2 December 2025.<\/li>\n<li>Verify the provider\u2019s contracting legal entity and payment scope against the latest dated RBI register.<\/li>\n<li>PA-CB authorisation and product activation are separate checks. Available payment methods and onboarding requirements depend on the product and business.<\/li>\n<li>Merchant trade, tax and reporting obligations continue to apply alongside the provider\u2019s regulatory authorisation.<\/li>\n<\/ul>\n<\/div>\n<h2>Does Razorpay Hold RBI PA-CB Authorisation?<\/h2>\n<p>Yes. RBI\u2019s authorised-operator register lists Razorpay Payments Private Limited under PA-CB-I &amp; O, covering both inward and outward transactions. The same entry also lists PA-O and PA-P.<\/p>\n<table>\n<thead>\n<tr>\n<th>Verification field<\/th>\n<th>Razorpay details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Brand<\/td>\n<td>Razorpay<\/td>\n<\/tr>\n<tr>\n<td>Authorised legal entity<\/td>\n<td>Razorpay Payments Private Limited<\/td>\n<\/tr>\n<tr>\n<td>Former legal entity name<\/td>\n<td>Razorpay Software Private Limited<\/td>\n<\/tr>\n<tr>\n<td>Cross-border scope<\/td>\n<td>PA-CB-I &amp; O: inward and outward transactions<\/td>\n<\/tr>\n<tr>\n<td>RBI register date<\/td>\n<td>30 September 2026<\/td>\n<\/tr>\n<tr>\n<td>Public announcement date<\/td>\n<td>2 December 2025<\/td>\n<\/tr>\n<tr>\n<td>Where to verify<\/td>\n<td>Payment Aggregators section, entry 54 in RBI\u2019s authorised-operator register<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Source:<\/strong> <a href=\"https:\/\/rbi.org.in\/Scripts\/PublicationsView.aspx?id=12043\" rel=\"nofollow noopener\" target=\"_blank\">RBI\u2019s authorised-operator register<\/a>. The announcement date above refers to Razorpay\u2019s public announcement. It should not be confused with the earlier authorisation date displayed alongside the entity\u2019s PA-O entry.<\/p>\n<h2>What Is the RBI PA-CB Licence and Why Was It Created?<\/h2>\n<p>PA-CB stands for Payment Aggregator &#8211; Cross Border. RBI\u2019s current framework regulates entities that aggregate permitted cross-border payments for onboarded merchants through e-commerce. The framework distinguishes inward transactions from outward transactions.<\/p>\n<p>Before that circular, cross-border payment aggregation sat outside direct licensing. Operators worked through standing arrangements with banks, and RBI&#8217;s oversight reached them through the bank rather than the operator.<\/p>\n<p>On 15 September 2025, RBI issued the Reserve Bank of India (Regulation of Payment Aggregators) Directions, 2025, replacing the earlier 2020, 2021 and 2023 frameworks with a single rulebook covering domestic and cross-border aggregation.<\/p>\n<h3>What problem did PA-CB solve that the old framework couldn&#8217;t?<\/h3>\n<ul>\n<li>Scope was limited largely to goods and software, leaving most service exports outside the framework<\/li>\n<li>Operators held no direct RBI licence and worked only through bank partnerships<\/li>\n<li>Import transactions were capped at roughly USD 2,000, and exports under the facility at USD 10,000, which throttled e-commerce and B2B flows<\/li>\n<li>Regulatory gaps created compliance uncertainty for merchants, not just providers<\/li>\n<\/ul>\n<p>Import of services, not only goods and software, became permissible for import-side PA-CBs, per PwC India.<\/p>\n<h3>What are the PA-CB licence categories?<\/h3>\n<p>Older documents use PA-CB-E for exports, PA-CB-I for imports and PA-CB-E&amp;I for both. RBI\u2019s current register uses PA-CB-I for inward transactions, PA-CB-O for outward transactions and PA-CB-I &amp; O for both.<\/p>\n<p>The meaning of \u201cI\u201d therefore depends on the document: older terminology uses it for imports, while the current register uses it for inward transactions. Always read the register\u2019s legend and match the authorised direction to your payment flow.<\/p>\n<p>Razorpay\u2019s current entry is PA-CB-I &amp; O, covering inward and outward transactions.<\/p>\n<div style=\"background: #f9fbff; border-left: 4px solid #007BFF; padding: 22px 25px; margin: 30px 0; font-family: Arial, sans-serif; color: #333; line-height: 1.6;\">\n<h3 style=\"margin: 0 0 12px 0; color: #007bff; font-size: 20px;\">Did You Know?<\/h3>\n<p style=\"margin: 0; font-size: 16px;\">Before direct PA-CB regulation, online payment gateway service providers facilitated cross-border payments through arrangements with Authorised Dealer banks. The PA-CB framework brought these activities under direct RBI regulation.<\/p>\n<\/div>\n<h2>What Does Razorpay&#8217;s PA-CB Licence Actually Authorise?<\/h2>\n<p>Razorpay&#8217;s RBI-granted PA-CB authorisation, <a href=\"https:\/\/www.tribuneindia.com\/news\/business\/razorpay-gets-rbis-cross-border-license-to-boost-global-payments-from-india\/\" rel=\"nofollow noopener\" target=\"_blank\">confirmed in December 2025<\/a>, allows it to facilitate both inward and outward cross-border payment transactions for Indian businesses and for global firms collecting from Indian customers.<\/p>\n<h3>How is this different from a domestic payment aggregator licence?<\/h3>\n<p>RBI recognises three payment aggregator categories: online (PA-O), physical (PA-P) and cross-border (PA-CB). A domestic PA licence authorises nothing cross-border. Razorpay holds all three, with the <a href=\"https:\/\/razorpay.com\/newsroom\/razorpay-pos-receives-rbi-approval-for-offline-payment-aggregator-licence\/\">physical category added in January 2026<\/a>.<\/p>\n<h2><strong>Which International Payment Flows Does Razorpay Support?<\/strong><\/h2>\n<div>\n<div>\n<div>\n<table>\n<thead>\n<tr>\n<th>Business use case<\/th>\n<th>Relevant payment flow<\/th>\n<th>What to confirm<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>An Indian business receiving payments from overseas customers<\/td>\n<td>Inward international collections<\/td>\n<td>Supported currencies, payment methods, settlement arrangements, and activation requirements<\/td>\n<\/tr>\n<tr>\n<td>A non-Indian business accepting payments from Indian customers<\/td>\n<td>Outward payments through <a href=\"https:\/\/razorpay.com\/docs\/payments\/international-payments\/accept-international-payments-from-indian-customers\/s2s-integration\/business-onboarding\/\">Razorpay Import Flow<\/a><\/td>\n<td>Business eligibility, local payment methods, overseas settlement account and onboarding documents<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>Razorpay\u2019s international payments offering supports Indian exporters and overseas businesses selling to Indian customers. Its public announcement describes acceptance in 130+ currencies for Indian businesses and local payment methods for global platforms entering India.<\/p>\n<p>Confirm the methods and currencies available for your specific product before integration.<\/p>\n<h3>What Transaction Limit Applies to PA-CB Payments?<\/h3>\n<p>RBI\u2019s 2025 Directions set a maximum value of \u20b925 lakh per inward or outward transaction processed by a PA-CB.<\/p>\n<p>This limit should be applied to transactions within PA-CB scope. The Directions exclude card transactions where a card network facilitates foreign-exchange settlement and the aggregator receives payment in local currency.<\/p>\n<p>Confirm the applicable payment route before applying the PA-CB ceiling to an international payment. For transactions above the ceiling, discuss a permitted alternative route with your Authorised Dealer bank.<\/p>\n<h3>Why must inward and outward payments sit in separate accounts?<\/h3>\n<p>Under RBI\u2019s 2025 Directions, PA-CB inward collections use an Inward Collection Account, or InCA, and outward collections use an Outward Collection Account, or OCA, maintained with an Authorised Dealer Category-I scheduled commercial bank. These accounts are used for the authorised payment-aggregation activity.<\/p>\n<p>Three structural rules follow:<\/p>\n<ul>\n<li><strong>No co-mingling.<\/strong> Merchant funds stay ring-fenced from the aggregator&#8217;s own balance sheet, with escrow credits and debits restricted to permitted transactions.<\/li>\n<li><strong>No netting<\/strong> between outward and inward transactions, <a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_ViewMasDirections.aspx?id=12896\" rel=\"nofollow noopener\" target=\"_blank\">per the Directions<\/a>. An inbound export collection cannot quietly fund an unrelated outbound payment.<\/li>\n<li><strong>No pre-funding of the OCA<\/strong>. Follow the permitted account operations specified in RBI\u2019s Directions.<\/li>\n<\/ul>\n<p>The merchant-facing takeaway: your funds are ring-fenced, and your reconciliation data is traceable transaction by transaction.<\/p>\n<h3>What Responsibilities Remain With the Merchant?<\/h3>\n<p>PA-CB authorisation establishes regulatory oversight of the payment provider. Merchants remain responsible for the trade, tax and reporting requirements applicable to their transactions.<\/p>\n<p>Confirm the following with your Authorised Dealer bank and tax adviser:<\/p>\n<ul>\n<li>The correct purpose code for the transaction.<\/li>\n<li>IEC requirements, where applicable.<\/li>\n<li>GST treatment, including an LUT or bond where applicable to exports without payment of IGST.<\/li>\n<li>Export declarations and realisation requirements under the applicable FEMA regulations.<\/li>\n<li>The remittance and realisation records required for the payment route.<\/li>\n<\/ul>\n<p>From 1 October 2026, RBI\u2019s amended FEMA regulations require service-export declarations through the EDF framework, subject to the specified timing provisions. Confirm the applicable submission requirements with your bank.<\/p>\n<p>For applicable international payments, Razorpay\u2019s documentation explains how to download bank-provided FIRS certificates and Razorpay-generated statements from the Dashboard. Confirm which record your bank or compliance process requires.<\/p>\n<h3>Do service exporters now have to file an EDF?<\/h3>\n<p>Yes. RBI notified the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, which came into force from 1 October 2026. Service exporters, who previously had no export reporting requirement, must now file an EDF within 30 days from the end of the month in which the invoice was raised.<\/p>\n<p>Software exports also move from SOFTEX to the EDF framework. A September 2026 amendment reduced realisation periods to nine and twelve months from 1 October 2026, with twelve months applying to exports invoiced or settled in Indian rupees.<\/p>\n<p>The rails got licensed. Your documentation obligations got heavier.<\/p>\n<h3>What is an eFIRC and why does it still matter?<\/h3>\n<p>An eFIRC is the electronic record confirming foreign currency received in India. It underpins GST zero-rating claims, export incentive claims, and FEMA audit defence.<\/p>\n<p>Only an AD Category-I bank can issue a FIRC, with exporters receiving a system-generated electronic version reported to RBI. A payment provider supports the data trail. The obligation to hold and produce the <a href=\"https:\/\/razorpay.com\/blog\/firc-certificate\">FIRC certificate<\/a> and your <a href=\"https:\/\/razorpay.com\/blog\/bank-realisation-certificate-brc\">Bank Realisation Certificate<\/a> sits with you.<\/p>\n<h3>Do I still need FEMA purpose codes and an IEC?<\/h3>\n<p>Yes, on both counts, with one nuance.<\/p>\n<ul>\n<li>Purpose codes classify why money crossed the border and feed RBI&#8217;s balance of payments reporting. The wrong code means wrong reporting and audit exposure. Check the correct <a href=\"https:\/\/razorpay.com\/blog\/purpose-codes-for-inward-remittance\">purpose codes for inward remittance<\/a> and purpose codes for outward remittance.<\/li>\n<li>DGFT states IEC is mandatory for export from or import to India, but is not necessary for service exporters unless they are taking benefits under the Foreign Trade Policy. If it applies, start with IEC registration.<\/li>\n<li>Zero-rated export of services still requires an <a href=\"https:\/\/razorpay.com\/blog\/lut-in-gst\">LUT in GST<\/a>, renewed each financial year.<\/li>\n<\/ul>\n<p>A licensed provider can prompt and pre-fill. It cannot assume liability for your declaration. Review the compliance guidelines for inward remittance before you scale volume.<\/p>\n<h3>Payment gateway vs payment aggregator: why the distinction matters<\/h3>\n<p>A payment gateway provides technology to route payment transactions without handling funds. A payment aggregator collects payments and subsequently settles them to merchants. For international payments, verify the provider\u2019s role, the applicable regulatory framework and the scope of the service being offered.<\/p>\n<h2>How Do You Verify a Provider&#8217;s RBI PA-CB Authorisation Yourself?<\/h2>\n<p>Search the exact contracting legal entity name on RBI&#8217;s published list of authorised Payment System Operators, confirm it appears under the PA-CB category, check whether the authorisation covers inward or outward flows, and confirm it reflects final authorisation rather than in-principle approval.<\/p>\n<ol>\n<li><strong>Identify the exact legal entity name on your contract.<\/strong> Brand names and registered entity names often differ.<\/li>\n<li><strong>Search RBI&#8217;s registers.<\/strong> Use RBI&#8217;s status tables for payment aggregator applications and its list of entities authorised under the PSS Act.<\/li>\n<li><strong>Confirm the direction of authorisation.<\/strong> Inward, outward, or both, matched to your actual flow.<\/li>\n<li><strong>Check authorisation date versus in-principle status.<\/strong> In-principle approval is not permission to operate at full scope.<\/li>\n<li><strong>Record the page&#8217;s &#8220;as on&#8221; date in your vendor file<\/strong>, and ask for the authorisation reference in writing.<\/li>\n<\/ol>\n<p>Our checklist on <a href=\"https:\/\/razorpay.com\/blog\/how-to-verify-an-rbi-authorised-payment-aggregator-in-india\">how to verify an RBI-authorised payment aggregator<\/a> walks through the same process with screenshots.<\/p>\n<blockquote><p><strong>PRO TIP:<\/strong> Published counts of PA-CB licensees disagree because in-principle approvals keep converting to final authorisations. Treat any number as a snapshot and check RBI&#8217;s register yourself.<\/p><\/blockquote>\n<h2>Why Did So Few Companies Get This Licence?<\/h2>\n<p>Non-bank PA-CB applicants must hold a minimum net worth of \u20b915 crore at application, rising to \u20b925 crore by the end of the third financial year from authorisation, alongside FIU-IND registration, cyber resilience compliance, annual security audits, and fit-and-proper checks.<\/p>\n<p>One correction worth making plainly: the fixed deadline of 31 March 2026 that still circulates came from the superseded 2023 circular and applied only to entities already providing these services then. AZB &amp; Partners sets out both tracks. It is not the current rule.<\/p>\n<p>The qualifying bar:<\/p>\n<ul>\n<li>\u20b915 crore net worth at application, \u20b925 crore by end of the third financial year<\/li>\n<li>Registration with the Financial Intelligence Unit-India (FIU-IND)<\/li>\n<li>Security audits and compliance with RBI&#8217;s cyber resilience controls<\/li>\n<li>Separate InCA and OCA with AD Category-I scheduled commercial banks<\/li>\n<li>Fit-and-proper criteria for promoters and directors<\/li>\n<\/ul>\n<h2>Razorpay International Payments: What a PA-CB-Licensed Platform Gives You<\/h2>\n<p>Razorpay\u2019s PA-CB authorisation covers inward and outward transactions. Indian businesses and overseas businesses should follow the onboarding process for their respective international payment product, including its eligibility, documentation and settlement requirements.<\/p>\n<h3>For exporters, SaaS companies, freelancers, and D2C brands<\/h3>\n<table>\n<thead>\n<tr>\n<th>Capability<\/th>\n<th>What it covers<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Multi-currency collection<\/td>\n<td>Payments in <a href=\"https:\/\/razorpay.com\/blog\/razorpay-rbi-cross-border-licence-global-payments\/\">130+ currencies<\/a> via cards, wallets, and local bank transfer rails<\/td>\n<\/tr>\n<tr>\n<td>Multi-currency pricing<\/td>\n<td>International buyers see familiar currency at checkout<\/td>\n<\/tr>\n<tr>\n<td>Documentation support<\/td>\n<td>Transaction records that feed your FEMA, GST, and audit workflows<\/td>\n<\/tr>\n<tr>\n<td>Regulated rails<\/td>\n<td>Inward and outward flows under direct RBI oversight<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>For global companies entering India<\/h3>\n<table>\n<thead>\n<tr>\n<th>Capability<\/th>\n<th>What it covers<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>No India entity required<\/td>\n<td>Go live without incorporating locally<\/td>\n<\/tr>\n<tr>\n<td>Local methods<\/td>\n<td>UPI, RuPay, EMI, netbanking, and other India-native options via one integration<\/td>\n<\/tr>\n<tr>\n<td>India-native checkout<\/td>\n<td>INR pricing, OTP-led flows, and India-based support<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/razorpay.com\/international-payment-gateway-india\/\">Explore Razorpay&#8217;s International Payment Solutions<\/a><\/p>\n<h2>Who Should Actually Use a PA-CB-Licensed Platform?<\/h2>\n<p>PA-CB-licensed rails matter most to businesses whose revenue already crosses a border: exporting MSMEs, SaaS and digital service exporters, freelancers billing overseas clients, D2C brands selling internationally, and global platforms collecting INR from Indian customers.<\/p>\n<table>\n<thead>\n<tr>\n<th>Business type<\/th>\n<th>Why PA-CB matters to them<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Exporters and MSMEs<\/td>\n<td>MSMEs account for approximately 43-45% of India&#8217;s exports, as per the Ministry of MSME&#8217;s recent data, and need regulated collection without branch visits<\/td>\n<\/tr>\n<tr>\n<td>SaaS and digital exporters<\/td>\n<td>Software services exports reached USD 221.4 billion in FY 2025-26, mostly billed recurringly in foreign currency<\/td>\n<\/tr>\n<tr>\n<td>Freelancers and independent professionals<\/td>\n<td>India&#8217;s gig workforce is projected to reach 23.5 million by 2029-30<\/td>\n<\/tr>\n<tr>\n<td>D2C brands selling abroad<\/td>\n<td>Multi-currency checkout reduces friction on international traffic<\/td>\n<\/tr>\n<tr>\n<td>Global platforms entering India<\/td>\n<td>UPI carried 85.5% of digital transaction volume in H2 2025<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Smaller merchants get a lighter path too. The 2025 framework allows simplified due diligence where annual turnover does not exceed \u20b940 lakh or export turnover does not exceed \u20b95 lakh.<\/p>\n<h2>What Does This Cost Compared to Traditional Banking Channels?<\/h2>\n<p>Bank-mediated cross-border transfers remain the most expensive route. World Bank data for Q3 2025 puts the global average cost of sending USD 200 at 6.36%, with banks averaging 14.99% as a provider type. The G20 target is a global average under 3% for remittances.<\/p>\n<p>Business payments price differently, but the leakage points are identical: a flat wire fee, an FX spread over the interbank rate, intermediary bank charges, and staff hours chasing documentation. If you have ever traced a payment using an MT103 SWIFT message, you know that last cost is real.<\/p>\n<h3>Why do cross-border card payments fail more often than domestic ones?<\/h3>\n<p>Issuers treat foreign-acquired transactions as higher risk. The International Center for Law and Economics notes that cost and risk mismatches can lead issuers to tighten authorisation criteria, increasing the likelihood that legitimate cross-border transactions are declined.<\/p>\n<p>Retry logic does not fix a structural signal. Local acquiring and local payment methods do.<\/p>\n<h2>How Do You Get Started With a PA-CB-Licensed Payment Setup?<\/h2>\n<p>Confirm your flow direction and transaction sizes, complete business verification, enable the currencies your buyers use, choose between API or hosted checkout, test in sandbox, go live, and assign monthly ownership of reconciliation.<\/p>\n<ol>\n<li><strong>Confirm direction and ticket size.<\/strong> Inward, outward, or both, and whether transactions sit under \u20b925 lakh.<\/li>\n<li><strong>Complete business verification and KYC.<\/strong> Keep PAN, GST, bank proof, your AD code in India, and IEC where applicable ready.<\/li>\n<li><strong>Enable only the methods your buyers use.<\/strong> Select currencies and rails by geography, not availability.<\/li>\n<li><strong>Choose your integration type.<\/strong> API for custom checkout control, hosted checkout for fastest go-live.<\/li>\n<li><strong>Test in sandbox, then go live and monitor.<\/strong> Validate refunds and failed-payment handling, then assign someone to own EDF filing, purpose codes, and realisation tracking.<\/li>\n<\/ol>\n<blockquote><p><strong>PRO TIP:<\/strong> Localise currency display and local payment methods before you optimise fees. The conversion lift from local methods usually outweighs small FX savings.<\/p><\/blockquote>\n<h2>Evaluate Razorpay for Your International Payment Flow<\/h2>\n<p>Start by verifying Razorpay\u2019s legal entity and PA-CB scope against RBI\u2019s current register. Then confirm that the relevant product supports your business, payment methods, and settlement needs.<br \/>\nRazorpay\u2019s inward and outward authorisation provides a regulated foundation for international payment aggregation. Product eligibility and activation requirements determine how your business can use that foundation.<\/p>\n<p><a href=\"https:\/\/razorpay.com\/international-payment-gateway-india\/\">Explore Razorpay\u2019s International Payment Solutions<\/a><\/p>\n<div style=\"background: #f9fbff; border-left: 4px solid #007BFF; padding: 22px 25px; margin: 30px 0; font-family: Arial, sans-serif; color: #333; line-height: 1.6;\">\n<h3 style=\"margin: 0 0 12px 0; color: #007bff; font-size: 20px;\">Did You Know?<\/h3>\n<p style=\"margin: 0; font-size: 16px;\">India&#8217;s e-commerce exports could reach <a href=\"https:\/\/www.ey.com\/en_in\/newsroom\/2024\/07\/addressing-customs-payment-and-logistics-challenges-key-to-stronger-e-commerce-exports-growth-from-india-ey-assocham-report\" rel=\"nofollow noopener\" target=\"_blank\">USD 200-300 billion by 2030<\/a>, provided payment and policy frameworks keep pace.<\/p>\n<\/div>\n<h2>Razorpay&#8217;s Commitment to Regulated, Transparent Global Money Movement<\/h2>\n<table>\n<thead>\n<tr>\n<th>What we hold<\/th>\n<th>What it means for you<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>All three RBI payment aggregator categories: online, physical, and cross-border<\/td>\n<td>One regulated partner across domestic online, in-store, and international flows<\/td>\n<\/tr>\n<tr>\n<td>PA-CB authorisation covering inward and outward transactions<\/td>\n<td>Export collections and eligible outbound payments on the same licensed rails<\/td>\n<\/tr>\n<tr>\n<td>Payments, compliance documentation, and infrastructure on one platform<\/td>\n<td>No stitching vendors together to close a reconciliation gap<\/td>\n<\/tr>\n<tr>\n<td>Built for exporters, SaaS companies, freelancers, D2C brands, and global firms entering India<\/td>\n<td>Flows designed around how each business actually gets paid<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>We build the rails so you can focus on winning the customer, wherever they are.<\/p>\n<p><a href=\"https:\/\/razorpay.com\/international-payment-gateway-india\/\">Explore Razorpay&#8217;s International Payment Solutions<\/a><\/p>\n<h2>Frequently Asked Questions<\/h2>\n<h3>Is Razorpay RBI-licensed for international payments?<\/h3>\n<p>Yes. Razorpay secured the RBI&#8217;s Payment Aggregator &#8211; Cross Border (PA-CB) licence in December 2025, authorising it to facilitate both inward and outward cross-border payment transactions. Razorpay holds all three RBI payment aggregator categories: online, physical, and cross-border.<\/p>\n<h3><strong>Which Razorpay legal entity appears in RBI\u2019s register?<\/strong><\/h3>\n<p><span style=\"font-size: 19px;\">The register lists Razorpay Payments Private Limited, formerly Razorpay Software Private Limited. Check the legal entity named in your agreement against the current RBI entry.<\/span><\/p>\n<h3><strong>Does Razorpay\u2019s PA-CB scope cover inward and outward payments?<\/strong><\/h3>\n<p><span style=\"font-size: 19px;\">Yes. Its current register entry is PA-CB-I &amp; O, covering inward and outward transactions. Confirm the eligibility and supported payment flows of the specific Razorpay product you intend to use.<\/span><\/p>\n<h3><strong>How can I verify Razorpay\u2019s PA-CB status?<\/strong><\/h3>\n<p><span style=\"font-size: 19px;\">Open RBI\u2019s authorised-operator register, find the Payment Aggregators section, and locate Razorpay\u2019s legal entity. Check its PA-CB scope and the register\u2019s stated date.<\/span><\/p>\n<h3><strong>How do I activate international payments with Razorpay?<\/strong><\/h3>\n<p><span style=\"font-size: 19px;\">Indian businesses accepting international cards request activation through the Razorpay Dashboard after completing the required verification. Non-Indian businesses accepting payments from Indian customers follow the separate Import Flow onboarding process. Approval and documentation requirements depend on the product.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Razorpay is an RBI-authorised payment aggregator for both inward and outward cross-border payments. The Reserve Bank of India\u2019s authorised-operator register, dated 30 September 2026, lists Razorpay Payments Private Limited, formerly Razorpay Software Private Limited, under PA-CB-I &amp; O. Razorpay announced its PA-CB authorisation on 2 December 2025. For Indian businesses evaluating international payments, the important<\/p>\n","protected":false},"author":180,"featured_media":28027,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1067],"tags":[],"class_list":{"0":"post-28022","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cross-border"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/28022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/180"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=28022"}],"version-history":[{"count":4,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/28022\/revisions"}],"predecessor-version":[{"id":28026,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/28022\/revisions\/28026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/28027"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=28022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=28022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=28022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}