/images/ppid_59c68470-image-177080515323397854.webp)
What is the story about?
EximPe, a cross-border payments infrastructure company, has received final Payment Aggregator – Cross Border (PA-CB) authorisation from the Reserve Bank of India (RBI). The approval allows the company to enable global merchants to collect payments from Indian customers through UPI and other local payment methods, with settlement into offshore accounts.
Prior to this authorisation, EximPe operated as a technology service provider to banking partners, facilitating over $500 million in cross-border trade payments across key Asia corridors. The RBI approval allows the company to operate directly as a cross-border payment aggregator under the PA-CB framework.
EximPe is among the few PA-CB license holders to obtain the authorisation without holding a prior domestic payment aggregator license or operating an online payment gateway. The licence covers payment methods including UPI, cards, wallets, and local bank transfers, widely used in India’s digital commerce ecosystem.
Founded by Arjun Zacharia and headquartered in Singapore, EximPe has offices in Bengaluru and Mumbai and has raised $5 million in a 2022 seed funding round from investors including Leo Capital and other venture funds and angel investors.
Prior to this authorisation, EximPe operated as a technology service provider to banking partners, facilitating over $500 million in cross-border trade payments across key Asia corridors. The RBI approval allows the company to operate directly as a cross-border payment aggregator under the PA-CB framework.
EximPe is among the few PA-CB license holders to obtain the authorisation without holding a prior domestic payment aggregator license or operating an online payment gateway. The licence covers payment methods including UPI, cards, wallets, and local bank transfers, widely used in India’s digital commerce ecosystem.
Founded by Arjun Zacharia and headquartered in Singapore, EximPe has offices in Bengaluru and Mumbai and has raised $5 million in a 2022 seed funding round from investors including Leo Capital and other venture funds and angel investors.
