Airpay Secures RBI Approval to Revolutionize Cross-Border Payments

Airpay Payment Services has received approval from the Reserve Bank of India to function as a cross-border payment aggregator. This strategic move positions Airpay as a comprehensive payments infrastructure provider. The company anticipates significant growth in processing volumes and aims to onboard over 50,000 merchants soon.

Airpay Payment Services announced its approval from the Reserve Bank of India to operate as a cross-border payment aggregator, completing the requirements under the unified payment aggregator framework.

This licensure allows Airpay to function across online, physical, and international payment categories, affirming its stature as a comprehensive payments solution for Indian enterprises and global markets.

The company projects substantial growth, expecting a 30–40% increase in processing volumes in the coming year, with revenue contributions significantly rising from cross-border transactions while onboarding over 50,000 merchants.

(With inputs from agencies.)