Fintech firm Razorpay has announced a major regulatory milestone, securing the cross-border payments aggregator license from the Reserve Bank of India (RBI).

The approval allows Razorpay to expand its regulated role in facilitating cross border transactions for Indian and global businesses.

The authorisation enables Indian merchants to continue accepting payments in more than 130 international currencies.

It also simplifies the entry process for overseas companies by allowing them to accept local payment methods, including UPI, without first establishing a local corporate entity.

Razorpay is already the largest non-bank player in India’s cross border payments segment and supports global brands such as Airbnb, Agoda, Klook, Shopify, Sabyasachi and IndiGo.

The company said the approval strengthens its ability to scale its services and help businesses expand internationally with greater speed and less friction.

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