Xflow Gets RBI In-Principle Nod as Cross-Border Aggregator
Why in the news
The RBI gave Xflow an in-principle go-ahead to act as a cross-border online payment aggregator for imports and exports.
About payment aggregators
- A Payment Aggregator (PA) sits between customers and merchants, so businesses can accept varied payment instruments without separate integration.
Key facts
- Xflow recently launched FX AI Analyst, an AI tool that tracks USD/INR trends and guides currency conversion.
| Stage | Entities |
|---|---|
| In-principle (others) | Skydo, BriskPe, PayPal, EximPe, Wise |
| Full PA-CB licence (6) | Adyen India, Amazon Pay India, Cashfree Payments, BillDesk, Pay10, Worldline ePayments India |
Exam angle
- Regulator: RBI; full licence holders: six.
- Stage: in-principle approval, not full licence.