EximPe Gets RBI Approval for Cross-Border Payment Aggregator License

In a notable development in India’s fintech and regulatory landscape, EximPe has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border (PA-CB). This move is expected to bolster cross-border digital transactions and e-commerce trade, particularly in the India-Asia corridor. As cross-border payments become more integral to global trade and digital services, such regulatory approvals mark a shift toward enhanced infrastructure and compliance in the digital economy.

Background

The PA-CB framework by RBI governs the operation of payment aggregators facilitating cross-border transactions, ensuring secure and regulated movement of funds across international borders. Companies applying for this licence must meet stringent norms around compliance, data security, transaction monitoring, and capital requirements. EximPe joins a growing list of RBI-recognized players in this space, including both startups like Skydo and PayPal, as well as established fintech giants such as Amazon Pay India and BillDesk, some of whom already hold full licences.

Significance of the Approval

This regulatory nod grants EximPe a competitive edge in India’s burgeoning cross-border payment sector. With more than $450 million processed to date, EximPe is strategically poised to expand services across digital services, B2B trade, and cross-border e-commerce. The licence empowers the company to further streamline pay-ins and pay-outs for SMEs, which often face complex procedures while navigating international markets.

Objectives and Expansion Plans

According to founder Arjun Zacharia, EximPe aims to grow 10X by FY26, targeting exponential growth in markets across Asia, especially where India maintains strong digital trade relationships. The company is focused on simplifying regulatory compliance, currency conversion, and settlement issues for exporters and digital service providers. It plans to build robust payment infrastructure for small and medium enterprises (SMEs), which form the backbone of India’s trade ecosystem.

Funding and Investor Support

Backed by $3.5 million in equity funding, EximPe is supported by investor confidence as it scales operations and builds secure payment channels. The company’s track record of working with over 5,000 SMEs, manufacturers, and service providers makes it a reliable partner in this segment. The funding is expected to be deployed towards technological upgradation, market expansion, and improving customer onboarding and support systems.