8 Articles
8 Articles
Reserve Bank of India to roll out new use cases for digital rupee – MAXBIT
India’s central bank is scaling up its digital rupee pilots with new features like programmability and offline payments, aiming for broader financial inclusion. The Reserve Bank of India (RBI) is set to broaden the reach of its digital rupee pilots by introducing new use cases and features for both its retail (e₹-Retail) and wholesale (e₹-Wholesale)...
PayPal Gets RBI Nod to Operate as Export Payment Aggregator
PayPal Holdings’ Indian subsidiary, PayPal Payments Private Limited, received the Reserve Bank of India’s approval to operate as a Payment Aggregator for Cross Border Exports (PA-CB-E). The in-principle approval “opens new avenues for localised product innovations, improved customer experiences, and enhanced access to PayPal’s global payment network for large enterprises, small businesses, and freelancers in India,” the company shared in a press…
PayPal receives RBI nod to operate as cross-border payment aggregator
This marks a key milestone in PayPal's operations in India and its continued support for Indian small businesses, enabling secure cross-border payments to approximately 200 markets, the company said in a statement. The approval comes as India's exports reached USD 73.8 billion in April 2025, underscoring the increasing momentum in cross-border trade.With a growing suite of localised offerings, such as PayPal Checkout, PayPal Invoicing and No-Cod…
PayPal Gets RBI Green Light to Operate as Cross-Border Payment Aggregator
The Reserve Bank of India (RBI) has given PayPal Payments Pvt Ltd (PayPal), the Indian division of PayPal Holdings Inc., in-principle permission to function as a Payment AggregatorCrossBorderExports (PA-CB-E).According to a statement from the company, this is a significant turning point in PayPal's activities in India and its ongoing assistance for Indian small businesses, allowing safe cross-border payments to about 200 markets.India's Exports …
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