Which companies hold an RBI PA-CB authorisation?

The Reserve Bank of India (RBI) authorises non-bank companies to act as a Payment Aggregator, Cross Border (PA-CB) under the Payment and Settlement Systems Act, 2007.¹³ For an Indian designer, developer, consultant or agency, a PA-CB is one of the regulated routes through which a foreign client's card or online payment can reach an Indian bank account.

This page reproduces the PA-CB entries exactly as RBI shows them. It does not rank or recommend any of them. The list changes, sometimes several times a month, so treat this as a snapshot and check RBI's page directly before you sign up with anyone. For how to do that check yourself, see how to check if a payment aggregator is RBI authorised.

What is the RBI PA-CB licence list?

The RBI PA-CB licence list is the cross-border part of RBI's page of Certificates of Authorisation issued under the Payment and Settlement Systems Act, 2007, in a section headed "Payment Aggregators (PA-O, PA-P & PA-CB)".¹ A second RBI page, "Status of Applications received under the Payment and Settlement Systems Act, 2007", shows entities that are still waiting for a decision, have in-principle approval, or had applications returned, withdrawn or refused.² We checked both on 28 October 2026; the status page was dated "as on 16.10.2026".²

RBI's footnote on the authorisation list defines the codes it uses:¹

An exporter looks for PA-CB-I or PA-CB-I & O.¹

Who does the PA-CB authorisation apply to?

PA-CB authorisation applies to non-bank companies that aggregate cross-border payments; banks do not need PA authorisation at all.³

An exporter does not hold the authorisation; the exporter checks it before choosing a provider.¹

How do you check a provider on RBI's PA-CB list?

You check a provider by finding the legal entity that settles your money and searching for that exact name on RBI's list.¹²

1. Find the legal entity that will settle funds to your Indian account. It is usually named in the provider's terms or on the payment advice.
2. Open RBI's authorisation list and search for that exact legal name.¹
3. Confirm the category includes inward transactions: PA-CB-I or PA-CB-I & O.¹
4. If the name is missing, look it up on RBI's status page to see whether it is pending, in-principle or returned.²
5. Compare providers on what matters to you, such as fees, FIRA or equivalent, settlement time and limits. See PA-CB settlement timelines and the PA-CB transaction limit.

A listed name tells you the entity is authorised; it does not tell you the service suits you.

Which entities hold a PA-CB authorisation?

As checked on 28 October 2026, 36 entities had a PA-CB category on RBI's list of Certificates of Authorisation; the table below shows a selection, and RBI's page has the full list.¹ They appear in the order RBI lists them, which is alphabetical by legal name. The brand shown is the one RBI prints next to the entity, where it prints one. Other categories the same entity holds (PA-O, PA-P) are left out here.

The same RBI section lists 71 payment aggregators in total; the other 35 hold only domestic categories (PA-O and/or PA-P).¹ RBI shows one "date of issue of authorisation" per entity, not a separate date for each category, so this table does not give dates.¹

Which PA-CB applicants are still waiting for RBI authorisation?

RBI's status page, as on 16 October 2026, lists four PA-CB applicants that do not yet hold a Certificate of Authorisation.²

RBI's notes to the status page say existing PAs that applied on time can continue business unless RBI advises otherwise, new PAs cannot start until they get authorisation under section 7 of the Act, and in-principle authorisation is not authorisation.² The same page's Table F lists 17 PA-CB applications that were returned, withdrawn or refused; those entities cannot operate as PA-CB.²

What does it mean if a provider is not on the PA-CB list?

A provider missing from the PA-CB list can still serve Indian exporters lawfully through another route, so a missing name needs a follow-up question rather than a conclusion.³

• Banks: banks do not need PA authorisation at all.³
• Partners: some companies work through a partner bank or another authorised entity, and some hold a domestic PA-O licence only.
• Card network settlement: RBI's Master Direction says a card transaction where the card network handles the foreign exchange settlement and the aggregator receives local currency is not PA-CB activity.³

Ask the provider which regulated entity in India actually receives and settles your money, then check that entity on RBI's pages.

Which RBI rule says this?

The PA-CB rules come from the Payment and Settlement Systems Act, 2007 and RBI's Master Direction on Regulation of Payment Aggregator dated 15 September 2025.¹³

Read the Master Direction itself for the full conditions on PA-CBs.³

What are the common mistakes when checking the PA-CB list?

The common mistakes are searching for a brand instead of the legal entity, missing the inward category, and relying on an old copy of the list.¹²

• Brand instead of entity: RBI lists legal names, and prints a brand only for some entities.¹
• Outward-only category: PA-CB-O covers payments leaving India, so it does not help an exporter receive money.¹³
• In-principle read as authorised: RBI says in-principle authorisation is not authorisation.²
• Old snapshot: this table is a copy made on 28 October 2026 and will go out of date.¹

Note: RBI's own page is the only authoritative version of the list.¹