RBI Approves Worldline and PayPal for Cross-Border Online Transactions in Import and Export.
Banking & Finance
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.
- 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.
Main Point :- (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.
About Wordline ePayments India Private Limited
CEO : Ramesh Narasimhan
Headquarter : Mumbai
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