Business
Payoneer Receives In-Principle Authorization as Cross-Border Payment Aggregator in India
Key regulatory milestone strengthens Payoneer's position in India as a full-stack platform for cross-border small and medium-sized businesses (SMBs)BANGALORE,
About this update from Payoneer Global Inc.
[{"type":"text","content":"Key regulatory milestone strengthens Payoneer's position in India as a full-stack platform for cross-border small and medium-sized businesses (SMBs)BANGALORE, India and NEW YORK, Jan. 22, 2026 /PRNewswire/ -- Payoneer India Pvt Ltd, a subsidiary of Payoneer Global Inc. (\"Payoneer\" or the \"Company\") (NASDAQ: PAYO), the global financial technology company powering business growth across borders, was granted in-principle authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border (PA-CB) for facilitating Inward and Outward transactions.\n \n \n \n \n \n \n \nThis is a key milestone in enabling Payoneer to expand its operations in India and provide end-to-end cross-border payment solutions to Indian importers and exporters for Inward and Outward cross-border transactions. Indian SMBs will be able to use a broader range of Payoneer products, including accounts payable features, and experience streamlined onboarding and \"Know Your Customer\" (KYC) processes.\"This in-principle authorization is an important step toward further expanding Payoneer's global regulatory infrastructure and strengthening our regulatory foundation in India, reflecting our long-term commitment to the market,\" said Tsafi Goldman, Chief Legal and Governance Officer, Payoneer. \"With our growing team on the ground, we're continuing to invest in India while at the same time empowering SMBs across the region to scale their businesses globally through our regulated platform.\" \"Our in-principle authorization 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,\" said Rohit Kulkarni, CEO, Payoneer India Pvt Ltd. \"With the PA-CB authorization, 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.\"Payoneer supports customers in over 190 countries and territories, leveraging a robust network of nearly 100 banking and payment service provider partnerships. Over the trailing 12 months as of Q3 2025, the Company served nearly two million active customers and processed over $80 billion in tr...