Bengaluru, Dec. 2 -- Payments and banking platform Razorpay for Businesses on Tuesday announced that it has secured the Payment Aggregator - Cross Border (PA-CB) license from the Reserve Bank of India (RBI).

As per a company statement, this authorisation places Razorpay among a select cohort of fintechs permitted to facilitate both inward and outward cross-border payments with complete regulatory oversight.

Razorpay's new license, as per the statement, cements its position as one of India's most trusted and regulation-forward infrastructures for global money movement - powering all kinds of businesses from high-growth exporters and SaaS companies to freelancers, D2C brands, and global firms entering India's digital economy.

The authori...