Mumbai, May 28 -- PayPal Payments Pvt Ltd, the Indian arm of PayPal Holdings Inc, has received in-principle authorisation from the Reserve Bank of India (RBI) to function as a Payment Aggregator - Cross Border Exports (PA-CB-E).

Describing the approval as a significant development, the company said it strengthens PayPal's presence in India and enhances its ability to support small businesses in facilitating secure cross-border payments across nearly 200 international markets, according to a PTI report.

The regulatory nod comes at a time when India's exports touched USD 73.8 billion in April 2025, highlighting the growing traction in global trade.

The company added that with a steadily expanding portfolio of localised solutions such as ...