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RBI Approves Worldline and PayPal for Cross-Border Online Transactions in Import and Export.

Banking & Finance | Dated: 01 Jun 2025

On May 27, 2025, Worldline ePayments India, a digital payments company based in Mumbai, Maharashtra, and Paypal India Private Limited, the Indian subsidiary of Paypal Holdings headquartered in California, USA, received in-principle approval from the Reserve Bank of India (RBI), also based in Mumbai, to operate as Payment Aggregators (PA) for Cross-Border Export and Import (PA-CB E&I) activities.

🎯 Key Highlights:

  • - This approval was granted under the Payments and Settlements Systems (PSS) Act, 2007.
  • - With this authorization, both companies are now empowered to facilitate online international transactions related to the import and export of goods and services in India.
  • - With the Payment Aggregator for Cross-Border Export & Import (PA-CB E&I) license, Worldline ePayments India can now facilitate faster and easier international payments for Indian exporters and importers, ensuring compliance with RBI’s cross-border trade regulations.

💡 Other Important Facts:

  • (i) Besides the PA-CB E&I license, Worldline is also authorized to operate as a Payment Aggregator (PA) and Bharat Bill Payment Operating Unit (BBPOU), enabling digital payments for domestic merchants across diverse sectors like e-commerce, banking, retail, education, travel, and hospitality.
  • (ii) Paypal India has received RBI approval to operate as a PA-CB E&I, allowing it to offer regulated digital payment solutions to Indian merchants involved in global trade, enhancing localized product innovation and customer experience.
  • (iii) Since October 2024, RBI mandated that payment aggregators offering cross-border payments must obtain separate approval, replacing the earlier Online Payment Gateway Service Provider (OPGSP) license requirement.

📚 Test Your Knowledge:

Recently, which company received RBI approval to operate as a Payment Aggregator for Cross-Border Export and Import (PA-CB E&I) in India?

Correct Answer: PayPal

🚀 Quick Recap:

About Wordline ePayments India Private Limited

  • CEO : Ramesh Narasimhan
  • Headquarter : Mumbai