Payoneer granted RBI permission to operate as a Payment Aggregator in India.

Payoneer India has received in-principle authorization from the RBI to operate as a Payment Aggregator – Cross Border for facilitating inward and outward transactions. This milestone enables Payoneer to expand its operations in India and provide end-to-end cross-border payment solutions to Indian importers and exporters. Indian SMBs will be able to use a broader range of Payoneer products, including accounts payable features, and experience streamlined onboarding and KYC processes.