Airpay receives RBI approval to operate as cross-border payment aggregator

Airpay Payment Services has received RBI approval to operate as a cross border payment aggregator, completing its unified PA framework licences. The company will offer full stack payment solutions domestically and globally, expecting strong growth in processing volumes, revenues and merchant onboarding

Mumbai: Airpay Payment Services on Tuesday said it has secured approval from the Reserve Bank of India to operate as a cross-border payment aggregator, completing its authorisations under the unified payment aggregator (PA) framework.

With this, the company is licensed to operate as a payment aggregator across online, physical and cross-border categories, a company statement said.

The milestone positions airpay as a homegrown full-stack payments infrastructure provider for Indian enterpr