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