Payoneer has received in-principle approval from the Reserve Bank of India to operate as a cross-border payment aggregator.

The authorisation enables Payoneer to expand its operations in India and offer end-to-end cross-border payment services to Indian importers and exporters.

The company said SMEs will be able to access a wider range of its products, including accounts payable services, alongside simpler onboarding and customer verification processes.

Payoneer has been operating in India for more than a decade and serves businesses involved in international trade.

“Our in-principle authorisation from the Reserve Bank of India is a testament to our more than decade-long presence in the local market and support of India’s thriving export economy, which is projected by the India Department of Commerce to exceed $850 billion in 2026.

With the PA-CB authorisation, we will be equipped to provide comprehensive cross-border payment solutions for both import (Outward) and export (Inward) transactions, helping Indian businesses tap into new opportunities and scale globally.”

said Rohit Kulkarni, CEO, Payoneer India.

Globally, Payoneer operates in over 190 countries and territories and works with nearly 100 banking and payment partners.

Over the 12 months ended in the third quarter of 2025, the company reported serving close to two million active customers and processing more than US$80 billion in transaction volume.

Payoneer is regulated across several major markets, including the United States, Europe, the United Kingdom, Hong Kong, Japan, Singapore, China and Australia, supporting businesses and marketplaces in managing international payments.

Featured image: Edited by Fintech News Singapore, based on image by Freepik