Reserve Bank of India (RBI) grants Razorpay Payment Aggregator – Cross Border licence.

Key facts

• Razorpay becomes one of a select cohort of fintechs authorised to facilitate both inward and outward cross-border payments with complete regulatory oversight.
• Indian businesses can accept payments in over 130 currencies through cards, wallets, and local bank transfers, achieving 95% success rates on international transactions.
• Global platforms can go live in India in real-time without setting up an India entity, accessing UPI, RuPay, EMIs, netbanking, and over 100 local methods via a single integration.