Payoneer Receives In-Principle Authorization as Cross-Border Payment Aggregator in India

Core Insights - Payoneer has received in-principle authorization from the Reserve Bank of India to operate as a Payment Aggregator – Cross Border, enhancing its capabilities in facilitating cross-border transactions for Indian SMBs [1][2][3] Group 1: Regulatory Milestone - The authorization allows Payoneer to expand its operations in India, providing comprehensive cross-border payment solutions for both inward and outward transactions [2][3] - This regulatory approval reflects Payoneer's long-term commitment to the Indian market and its support for the country's export economy, which is projected to exceed $850 billion in 2026 [3] Group 2: Business Operations and Impact - Payoneer serves nearly two million active customers and processed over $80 billion in transaction volume over the trailing 12 months as of Q3 2025 [3] - The company operates as a regulated entity across major financial jurisdictions, enabling secure global transactions for SMBs, enterprises, and marketplaces [4] Group 3: Strategic Focus - Payoneer aims to empower Indian SMBs by providing a broader range of products, including accounts payable features, and improving onboarding and KYC processes [2][3] - The company is investing in local operations and building strong relationships with SMBs to help them scale globally [3]