Get All Access for $5/mo

Cashfree Payments Secures RBI License for Cross-Border Payments The company's International Payment Gateway allows merchants to accept payments from 180 countries in 30 currencies through various methods, including cards, PayPal, ACH, and local payment systems.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Akash Sinha, Co-founder and CEO of Cashfree Payments

Payments and API banking platform Cashfree Payments announced that it has received the Reserve Bank of India's Payment Aggregator license for cross-border payments, for both imports and exports.

This new license permits Cashfree to extend its cross-border payment solutions to Indian exporters, freelancers, global businesses, regulated entities, etc. to enable them to collect and make payments.

Akash Sinha, Co-founder and CEO of Cashfree Payments, said, "With the Payment Aggregator-Cross Border (PA-CB) license, we are now well-positioned to support global businesses and globally regulated entities collecting payments in India. The license also enables us to offer Indian exporters and freelancers cross-border payment solutions. This license will foster international trade and economic growth while building a robust cross-border payment ecosystem in India."

The company's International Payment Gateway allows merchants to accept payments from 180 countries in 30 currencies through various methods, including cards, PayPal, ACH, and local payment systems. This solution eliminates the need for costly wire transfers and facilitates easier collection of payments from Indian consumers via UPI, bank transfers, and cards.

The company claims that it processes transactions worth over USD 80 billion annually and serves more than 600,000 businesses with its digital payment solutions. Known for its tech-first offerings, Cashfree Payments has introduced products like FlowWise for payment orchestration, KYC Link, Risk Shield for fraud monitoring, and more. The company is also expanding its international footprint in the UAE through its acquired partner, Telr.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

News and Trends

Stride Ventures Launches Fourth Fund with USD 300 Mn Target Corpus

Industry leaders like BlueStone, Upstox, Moneyview, Ather, Pharmeasy, Infra.Market, and Ola Electric have benefited from Stride's support.

News and Trends

Supply-Chain Financing Platform Mintifi Raises USD 180 Mn in Series E, Valuation Soars to USD 850 Mn

The raised funding will enable Mintifi to diversify its product offerings, such as dealer management systems, loans against property, and factoring services, powered by artificial intelligence.

News and Trends

East Ocyon Bio, Culture Circle, Power Gummies, and Navanc Raise Early-Stage Funding

The startups listed below have disclosed investment rounds.

News and Trends

Australian Human Spaceflight Pioneer Expands Indo-Pacific Footprint with New Operations in India

With a focus on pioneering advanced human spaceflight services, the new India office will serve as a strategic hub to cater to the growing demand for innovative space tech solutions in the Indo-Pacific region and foster collaboration with Indian government agencies, research institutions, and private enterprises.

News and Trends

AWE Funds to Scale Women-Led ClimateTech Initiatives with CGEF Grant

The grant will empower AWE Funds to expand initiatives, invest in women-led climate companies, enhance accelerator programs, and launch a fellowship nurturing young women professionals in climate and sustainability.