Payoneer India Secures RBI Nod As Cross-Border Payment Aggregator

Payoneer India announced that it has secured in-principle authorization from the Reserve Bank of India to function as a cross-border payment aggregator. The move comes under RBI’s updated Payment Aggregator Directions, which mandate strict licensing and compliance norms for fintechs and digital payment providers. This authorization positions Payoneer to expand its services in India, offering secure and efficient cross-border payment solutions to small businesses, exporters, and freelancers.  

Key highlights 

• Payoneer India receives in-principle authorization from RBI as a cross-border payment aggregator.  
• Approval aligns with RBI’s Payment Aggregator Directions, effective January 2026.  
• Framework mandates licensing, capital adequacy, and compliance for digital payment providers.  
• Payoneer to enable smoother international transactions for SMEs, exporters, and freelancers.  
• Move strengthens India’s digital payments ecosystem and supports global trade participation.  

The authorization underscores RBI’s focus on regulating digital payment providers while fostering innovation in cross-border financial services. For Payoneer, this milestone enhances its ability to serve India’s growing base of global entrepreneurs and businesses, reinforcing the country’s position in the international digital economy.  

Sources: Digital Policy Alert, Economic Times BFSI