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 streamline global payments for businesses further.
This milestone makes Xflow one of the few fintech platforms in India to receive the RBI’s in-principle authorisation, opening up another compliant, faster, and cost-effective global payment rail for businesses.
The announcement follows the launch of FX AI Analyst by Xflow. This AI-powered tool helps businesses track USD/INR trends, make informed currency conversion decisions, and maximise earnings on every dollar.
Anand Balaji, Co-founder & CEO, Xflow, said, “The IPA (in-principle authorisation) will significantly strengthen our position in the market as a full-stack cross-border payments platform. With the ability to support both exports and imports workflows, we will be better equipped than ever to simplify global money movement for businesses. This nod from RBI is a validation of the trust 10,000+ businesses have placed in us. We’re doubling down on our mission to simplify cross-border money movement and plan to serve 30,000 businesses by the end of this year.”
Founded in 2021 by Anand Balaji, Ashwin Bhatnagar and Abhijit Chandrasekaran, Xflow is a fintech offering cross-border payment for SMEs (ITES & Funded Startups).
Designed to eliminate inefficiencies in international transactions, Xflow offers a seamless, transparent, and fully compliant payment experience for businesses of all sizes – from freelancers and startups to large-scale enterprises.
Xflow simplifies global money movement with innovative solutions that ensure effortless international transactions, efficient currency conversion, instant settlements, and full regulatory compliance.
The company is currently servicing over 10,000 businesses & has processed hundreds of millions.
Headquartered in Bangalore, India, Xflow is backed by Lightspeed, General Catalyst, and Stripe, providing a strong financial foundation for long-term innovation.
