Payoneer Receives In-Principle Authorization as Cross-Border Payment Aggregator in India

Rhea-AI Summary

Payoneer (NASDAQ: PAYO) received in-principle authorization from the Reserve Bank of India on Jan 22, 2026 to operate as a Payment Aggregator – Cross Border (PA-CB). The approval permits facilitation of both Inward and Outward cross-border transactions and aims to expand end-to-end payment services, streamlined onboarding and KYC for Indian SMBs. Payoneer serves nearly 2 million active customers and processed over $80 billion in transaction volume TTM as of Q3 2025, and cites India export activity projected to exceed $850 billion in 2026.

Positive

• RBI granted in-principle PA-CB authorization
• Processed $80 billion transaction volume TTM (as of Q3 2025)
• Serves nearly 2 million active customers TTM
• Positions Payoneer to support India Inward and Outward cross-border flows

Negative

• In-principle authorization is not a final license and may require conditions

Key Figures

India exports projection: $850 billion Countries served: over 190 countries and territories Banking partnerships: nearly 100 partnerships +5 more

8 metrics

India exports projection $850 billion India export economy projection for 2026

Countries served over 190 countries and territories Global customer footprint

Banking partnerships nearly 100 partnerships Banking and payment service provider network

Active customers nearly two million Trailing 12 months as of Q3 2025

Transaction volume over $80 billion Processed over trailing 12 months as of Q3 2025

Customer success managers around 100 Dedicated customer success managers globally

Countries with CSMs 35 countries Locations of customer success managers

Languages supported more than 20 languages Languages spoken by customer success managers

Market Reality Check

Price: $5.47 Vol: Volume 3,606,464 vs 20-da...

normal vol

$5.47 Last Close

Volume Volume 3,606,464 vs 20-day average 3,073,439 (relative volume 1.17). normal

Technical Price 5.47 trades below 200-day MA of 6.34, despite the positive RBI authorization.

Peers on Argus

PAYO rose 2.43% while peers were mixed: EVTC +1.13%, PAGS +1.55%, AI +0.16%, APP...

PAYO rose 2.43% while peers were mixed: EVTC +1.13%, PAGS +1.55%, AI +0.16%, APPN +0.32%, NN -2.37%, pointing to a stock-specific reaction to the India PA-CB news rather than a clear sector move.

Historical Context

4 past events · Latest: Jan 20 (Positive)

Pattern 4 events

Date	Event	Sentiment	Move	Catalyst
Jan 20	Workforce acquisition	Positive	-0.9%	Acquired Boundless to expand European Employer of Record and payroll stack.
Dec 11	Risk partnership	Positive	+0.2%	Partnered with Oscilar to enhance AI-driven fraud and risk decisioning.
Nov 19	Conference participation	Neutral	+1.9%	CFO scheduled for UBS tech and AI conference fireside chat.
Nov 05	Earnings update	Positive	-5.5%	Reported record Q3 2025 results and raised guidance, yet shares fell.

Pattern Detected

Recent history shows several positive fundamental updates (earnings beat metrics, acquisitions, partnerships) sometimes met with flat or negative next-day moves, suggesting past good news has not always translated into immediate price strength.

Recent Company History

Over the last few months, Payoneer reported record Q3 2025 results with higher revenue, SMB growth, and raised guidance, yet the stock fell 5.53% the next day. A European workforce acquisition on Jan 20, 2026 and a fraud-intelligence partnership in Dec 2025 furthered its full‑stack and risk capabilities, with muted to modest reactions. Against this backdrop, the RBI in‑principle PA‑CB authorization adds another regulatory and geographic expansion milestone.

Market Pulse Summary

This announcement highlighted an RBI in‑principle authorization for Payoneer to operate as a cross‑b...

Analysis

This announcement highlighted an RBI in‑principle authorization for Payoneer to operate as a cross‑border payment aggregator in India, enabling both Inward and Outward flows and broader product access for SMBs. The company already processes over $80 billion in annual volume for nearly two million active customers across more than 190 countries. In context of recent acquisitions and record Q3 2025 results, this further extends its regulated global footprint.

Key Terms

know your customer (kyc)

1 terms

know your customer (kyc) regulatory

"experience streamlined onboarding and "Know Your Customer" (KYC) processes."

"Know your customer (KYC)" is the process financial institutions use to verify the identity of their clients before providing services. It helps prevent illegal activities like fraud or money laundering by ensuring the person they are dealing with is genuine. For investors, KYC offers reassurance that their transactions are protected and conducted with trustworthy parties.

AI-generated analysis. Not financial advice.

Key regulatory milestone strengthens Payoneer's position in India as a full-stack platform for cross-border small and medium-sized businesses (SMBs)

BANGALORE, India and NEW YORK, Jan. 22, 2026 /PRNewswire/ -- Payoneer India Pvt Ltd, a subsidiary of Payoneer Global Inc. ("Payoneer" or the "Company") (NASDAQ: PAYO), the global financial technology company powering business growth across borders, was granted in-principle authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border (PA-CB) for facilitating Inward and Outward transactions.

This is a key milestone in enabling Payoneer to expand its operations in India and provide end-to-end cross-border payment solutions to Indian importers and exporters for Inward and Outward cross-border transactions. Indian SMBs will be able to use a broader range of Payoneer products, including accounts payable features, and experience streamlined onboarding and "Know Your Customer" (KYC) processes.

"This in-principle authorization is an important step toward further expanding Payoneer's global regulatory infrastructure and strengthening our regulatory foundation in India, reflecting our long-term commitment to the market," said Tsafi Goldman, Chief Legal and Governance Officer, Payoneer. "With our growing team on the ground, we're continuing to invest in India while at the same time empowering SMBs across the region to scale their businesses globally through our regulated platform." 

"Our in-principle authorization from the Reserve Bank of India is a testament to our more than decade-long presence in the local market and support of India's thriving export economy, which is projected by the India Department of Commerce to exceed $850 billion in 2026," said Rohit Kulkarni, CEO, Payoneer India Pvt Ltd. "With the PA-CB authorization, we will be equipped to provide comprehensive cross-border payment solutions for both import (Outward) and export (Inward) transactions, helping Indian businesses tap into new opportunities and scale globally."

Payoneer supports customers in over 190 countries and territories, leveraging a robust network of nearly 100 banking and payment service provider partnerships. Over the trailing 12 months as of Q3 2025, the Company served nearly two million active customers and processed over $80 billion in transaction volume. With around 100 dedicated customer success managers across 35 countries—fluent in more than 20 languages—Payoneer builds strong, local relationships with SMBs to help them grow and scale globally.

Payoneer operates as a regulated entity across major financial jurisdictions, including the United States, Europe, the United Kingdom, Hong Kong, Japan, Singapore, China and Australia—enabling SMBs, enterprises, and marketplaces to securely transact globally.

About Payoneer
Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. We make it easier for SMBs, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies, and grow their businesses.

For more information, visit www.payoneer.com. 

Forward-Looking Statements

This press release includes, and oral statements made from time to time by representatives of Payoneer, may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Payoneer's future financial or operating performance. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expect," "intend," "plan," "will," "estimate," "anticipate," "believe," "predict," "potential" or "continue," or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Payoneer and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in applicable laws or regulations; (2) the possibility that Payoneer may be adversely affected by geopolitical events and conflicts, such as Israel's conflicts in the Middle East, and other economic, business and/or competitive factors, such as changes in global trade policies (including the imposition of tariffs); (3) changes in the assumptions underlying our financial estimates; (4) the outcome of any known and/or unknown legal or regulatory proceedings; and (5) other risks and uncertainties set forth in Payoneer's Annual Report on Form 10-K for the period ended December 31, 2024 and future reports that Payoneer may file with the SEC from time to time. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Payoneer does not undertake any duty to update these forward-looking statements. 

Media Contact
pr@payoneer.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/payoneer-receives-in-principle-authorization-as-cross-border-payment-aggregator-in-india-302667300.html

SOURCE Payoneer

FAQ

What did Payoneer (PAYO) announce on January 22, 2026 regarding India?

Payoneer announced it received in-principle PA-CB authorization from the RBI to operate as a cross-border payment aggregator in India.

How will the RBI PA-CB authorization affect Payoneer (PAYO) services for Indian SMBs?

The authorization enables Payoneer to offer expanded Inward and Outward cross-border payment solutions, improved onboarding, and KYC for Indian SMBs.

Is the Payoneer PA-CB approval a final license for India?

No; the announcement describes an in-principle authorization, which is subject to any final conditions or approvals.

What scale does Payoneer report that supports its India expansion (Q3 2025)?

Payoneer reported nearly 2 million active customers and over $80 billion processed in transaction volume on a trailing 12-month basis as of Q3 2025.

How does Payoneer link its India plan to the market opportunity in 2026?

Payoneer cites the India Department of Commerce projection that exports will exceed $850 billion in 2026, framing the market opportunity.