Airpay Payment Services has secured authorisation from the Reserve Bank of India to function as a cross-border payment aggregator, completing its approvals under the central bank’s unified payment aggregator regime. With permissions now covering online (PA-O), offline (PA-P) and cross-border (PA-CB) categories, the Mumbai-headquartered firm enters a select group of payment players offering full-spectrum aggregation capabilities.
The company expects the regulatory clearance to significantly advance its domestic and international scale. Airpay projects a 30 to 40 percent rise in processing volumes over the next six to twelve months, with cross-border transactions anticipated to contribute more than one-fifth of total revenue. The firm also plans to onboard over 50,000 merchants as it expands across enterprise, SME and direct-to-consumer channels.
The approval comes at a time when Indian exporters, SaaS companies and digital-first retailers are increasingly dependent on seamless international payment flows. Under the RBI’s cross-border framework, payment intermediaries must meet heightened governance, escrow management and foreign exchange compliance standards, measures intended to strengthen transparency and reduce merchant-side risk.
As Indian businesses deepen operations across Europe, the Middle East and Southeast Asia, payment providers are being evaluated on compliance assurance, settlement visibility and infrastructure depth. With its latest authorisation, Airpay is positioned to offer unified and regulated collection, payout and settlement services across both physical and digital touchpoints as clients expand across markets.
