New Delhi, May 28 -- PayPal Payments Private Limited has received in-principle approval from the Reserve Bank of India to operate as a Payment Aggregator for Cross Border Exports (PA-CB-E).

The approval was announced on Wednesday by the Indian subsidiary of Nasdaq-listed PayPal Holdings Inc., marking a significant development in the company's operations within the country.

The regulatory approval enables PayPal to facilitate secure cross-border payments for Indian businesses across approximately 200 global markets.

This development coincides with India's export performance reaching USD 73.8 billion in April 2025, reflecting the country's growing prominence in international trade.

According to Nath Parameshwaran, Senior Director of Gov...