New Delhi, July 25 -- Xflow, a cross-border payments platform, has received the Reserve Bank of India's (RBI)In-Principle authorisation to operate as an online Payment Aggregator for Cross-Border (PA-CB) transactions. The in-principle authorisation covers both export and import flows - enabling Xflow to further streamline global payments for businesses.

The company says that this milestone makes Xflow one of the few fintech platforms in India to receive RBI's in-principle authorisation, opening up another compliant, faster, and cost-effective global payment rail for businesses.

"The IPA (in-principle authorisation) will significantly strengthen our position in the market as a full-stack cross-border payments platform. With the ability t...