Payoneer Secures Preliminary Approval for Cross-Border Payment Operations in India

Digital payments platform Payoneer (NASDAQ: PAYO) has obtained initial regulatory nod from the Reserve Bank of India (RBI) to function as a cross-border payment aggregator. This milestone, announced recently, positions the company to enhance its services for international transactions within one of the world’s fastest-growing economies. The approval comes at a time when India’s digital economy is growing, with increasing demand for seamless cross-border financial solutions among small and medium-sized enter ...