Razorpay, one of India’s leading fintech firms, has received a cross-border payments licence from the Reserve Bank of India, enabling the company to offer international payment services directly from India. The approval is a significant milestone for the company, allowing it to streamline global transactions for Indian businesses and expand its presence in international markets. This move is expected to strengthen India’s position as a hub for fintech innovation and global digital commerce.

With the new licence, Razorpay can facilitate cross-border payments for its clients, including startups, small and medium enterprises, and larger corporations, without relying on intermediary channels. This not only reduces costs and transaction times but also enhances security and compliance with global financial standards. Experts say the approval reflects the RBI’s focus on promoting fintech growth while maintaining stringent oversight of cross-border financial flows.

The development comes amid increasing demand from Indian businesses to engage with global clients seamlessly. Razorpay’s expanded capabilities will help companies send and receive payments in multiple currencies, thereby supporting exports, e-commerce, and international service providers. Analysts note that the move positions Razorpay to compete more effectively with global payment platforms while fostering innovation in India’s digital payments ecosystem.

The cross-border licence also highlights the government’s continued emphasis on boosting the country’s fintech infrastructure, attracting investment, and simplifying processes for global financial transactions. Razorpay has been at the forefront of India’s fintech revolution, providing services ranging from payment gateways to lending solutions, and this new capability further enhances its product portfolio.

Industry observers expect that the licence will accelerate the adoption of India-based fintech solutions worldwide, encouraging international businesses to leverage Indian platforms for their payment needs. By enabling more efficient global payments, Razorpay is poised to consolidate its leadership in the fintech sector while contributing to India’s growing digital economy.