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Grapevine

PayGlocal Gets RBI Nod to Operate as Online Merchant Payments Firm

  • PayGlocal, a Bengaluru-based cross-border payments startup, has received the online payment aggregator licence from the RBI.
  • The startup, focused on international payments, has also applied for a cross-border payments licence.
  • PayGlocal received in-principle approval for the payment aggregator licence in November last year.
  • Founded in 2021, PayGlocal allows merchants to accept payments from customers outside India in their local currency.
  • The startup has raised over $17 Mn from investors like Tiger Global and Peak XV Partners.

Source: Inc42

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