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]()
