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…
The global financial system has crossed a decisive threshold with the full migration to ISO 20022 for cross-border payments. The long-anticipated shift became effective on 22 November, bringing the industry’s coexistence phase with legacy MT messages to a formal close and establishing ISO 20022 as the mandatory format for all international payment instructions. The transition…
In the story of India’s global fintech rise, few moments capture its transformative potential better than the recent linkage between India’s Unified Payments Interface (UPI) and Bahrain’s Fawri+ system. What began as a domestic innovation for instant retail payments has now evolved into an international bridge for real-time, low-cost cross-border transactions rewriting the rules of…
PayGlocal, an Indian cross-border payments company, has added Apple Pay to its international checkout, allowing Indian merchants to accept payments from customers around the world. The integration provides businesses with a widely recognised and trusted payment option, addressing a common challenge in cross-border commerce: offering payment methods familiar to international buyers. This addition helps reduce checkout drop-offs,…
