The Reserve Bank of India (RBI) has a special framework called Payment Aggregator – Cross Border (PA-CB).
This framework controls companies that help manage payments crossing international borders.
To get this licence, firms must follow strict rules about security, compliance, monitoring of transactions, and have enough capital.
EximPe is now approved in principle by RBI to operate as a PA-CB.
Other notable companies with similar approvals include startups like Skydo and PayPal as well as big players like Amazon Pay India and BillDesk.
What This Approval Means for EximPe
This licence gives EximPe a strong position in India’s growing cross-border payments market.
So far, EximPe has processed over $450 million in transactions.
With the approval, it can make international payments easier and faster, especially for small and medium businesses (SMEs) that often face difficulties dealing with multiple countries.
The payment flows for businesses, like receiving money and sending payments across borders, will be smoother.
Goals and Future Plans of EximPe
The founder, Arjun Zacharia, plans to grow the company 10 times by the year 2026.
The main focus is on expanding in Asian markets, where India already has strong digital trade ties.
EximPe will work on making compliance rules simpler for businesses.
It will also solve problems related to currency exchange and the settlement of international payments.
The company aims to build a strong payment system designed especially for SMEs, which are key to India’s economy and trade.
Funding and Investor Confidence
EximPe has raised $3.5 million in equity funding.
This financial backing shows that investors trust the company and its future.
So far, EximPe has worked with more than 5,000 SMEs, manufacturers, and service providers, making it a trusted partner.
The new funds will be used to improve technology, expand into new markets, and offer better support and onboarding for customers.
Why This is Important for India’s Fintech and Trade
Cross-border payments are crucial for global trade and digital services.
Regulatory approvals like this from RBI improve trust and security in these payments.
They also strengthen the digital infrastructure needed for India’s trade with other countries, especially in Asia.
This move supports SMEs by reducing barriers in international trade and connecting them more easily with global markets.
