Cross-border payment startup EximPe, has been granted a Payment Aggregator Cross-Border (PA-CB) In-Principle licence from the Reserve Bank of India (RBI).

This development makes EximPe one of the pioneering companies to achieve this new regulatory endorsement without prior payment licenses. With the new authorization, EximPe is expected to facilitate compliant cross-border pay-ins and pay-outs for digital services, e-commerce, and B2B goods trade, with a focus on businesses across Asian emerging markets.

As a cross-border payments platform, EximPe provides real-time rate booking, compliance support, and trade documentation services for its clients. The company currently supports a wide array of businesses that operate or sell services globally.

EximPe’s Growth Strategy

The PA-CB licence will enable EximPe to broaden its reach in cross-border payments and enhance compliance for international trade participants. Simultaneously, it allows the company to evolve from a technology platform supporting cross-border payments into a fully regulated cross-border infrastructure provider. This move is anticipated to assist more businesses across various sectors, including e-commerce, digital services, and manufacturing, by simplifying transaction processes and bolstering the global competitiveness of Indian small and medium-sized enterprises (SMEs).

According to EximPe’s data, the company has processed approximately USD 450 million in transactions and currently serves more than 5,000 SMEs, manufacturers, and service providers. With this new RBI license, EximPe aims to strengthen its position as a cross-border payment infrastructure provider by expanding its capabilities. The company’s representatives highlighted that securing this validation confirms their commitment to developing an advanced cross-border payment system and supports the growth of businesses operating in the India-Asia corridor while navigating complex regulatory and financial requirements.

Projected Impact on Cross-Border Payments in India

According to recent data from Razorpay, India’s international trade and digital service exports are projected to experience significant growth by 2025. For businesses operating within the region, this growth will likely result in increased participation in cross-border commerce. Cross-border payments play a crucial role in facilitating import and export transactions, managing global vendor and contractor payments, handling international SaaS subscriptions and licenses, and processing inter-company fund transfers.