airpay gets RBI nod for cross-border PA, completes all licenses

• airpay Payment Services received RBI approval for a cross-border payment aggregator (PA-CB) license.
• This completes airpay's authorizations under the unified PA framework, covering online, physical, and cross-border payments.
• The new license allows airpay to facilitate domestic and international payments for enterprises, D2C brands, and SMEs.
• airpay projects a 30-40% increase in processing volumes and over 20% revenue from cross-border flows within 6-12 months.
• The RBI's PA-CB framework provides regulatory oversight, reducing settlement risks and simplifying compliance for international transactions.

Why It Matters: This simplifies global trade and compliance for Indian businesses.