Processing $450million in transactions and serving more than 5,000 SMEs, manufacturers and service providers in India, EximPe, the cross-border payment startup, has become one of the first firms to receive regulatory authorisation from the Reserve Bank of India (RBI) without any existing payment licences, acquiring a new Payment Aggregator Cross-Border (PA-CB) In-Principle licence (Export and Import).
With the new licence, EximPe will enable compliant cross-border pay-ins and pay-outs for digital services, e-commerce, and B2B goods trade, and serve businesses across Asian emerging markets. It will also simplify compliance for businesses engaged in international trade.
Currently, EximPe has established itself as a tech platform enabling cross-border payments; with the new licence, it will now transition to being a fully regulated cross-border infra play provider. This capability is expected to benefit a wide range of businesses in sectors such as e-commerce, digital services, and manufacturing, ultimately reducing transaction friction and enhancing the global competitiveness of Indian SMEs.
Delving deeper into how the licence is strengthening the company’s position in the cross-border payment market, Arjun Zacharia, CEO and founder of EximPe, said: “Securing the PA-CB licence is a significant milestone in our journey. This validation of our hard work reaffirms our commitment to building a robust cross-border payment infrastructure.
“With this licence, EximPe is uniquely positioned to support businesses in expanding in the highest growth global corridor between India and Asia, while simplifying complex regulatory and financial requirements. With the PA-CB licence, we want to expand our business by 10X by the end of FY 2026.”
