PayGlocal Secures RBI Authorization for Online Payments

PayGlocal Gains Final Approval

In a significant development, PayGlocal, a prominent player in cross-border payment solutions, has received final authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator. This milestone positions PayGlocal to make a substantial impact in the digital payments landscape.

A New Era of Payment Solutions

With this authorization, PayGlocal is set to offer a comprehensive suite of payment solutions designed to cater to a wide array of businesses. The company’s innovative services promise seamless, secure, and efficient transaction processing.

Prachi Dharani on the Company’s Future

Prachi Dharani, CEO and Co-founder of PayGlocal, expressed excitement about the company’s future, stating, “We are thrilled to extend our services to a broader spectrum of merchants.” She highlighted that the goal is to offer robust and secure payment solutions to empower businesses. Consequently, she noted that this authorization marks a new chapter for PayGlocal.

Endorsements from Key Partners

Ashish Agrawal, Managing Director at Peak XV, shared his thoughts on PayGlocal’s journey. As a pre-launch partner, Peak XV has witnessed the company’s dedication to addressing the diverse needs of cross-border payments. Agrawal praised PayGlocal’s commitment, noting that it has been a pleasure to support their efforts in this evolving market.

Commitment to Innovation and Security

PayGlocal remains steadfast in its commitment to driving innovation, security, and inclusivity within the digital payment ecosystem. This collaborative approach, therefore, underscores PayGlocal’s dedication to enhancing the payment experience for all stakeholders involved.

A Brief History and Future Prospects

Founded in 2021 by former Visa senior directors Prachi Dharani, Rohit Sukhija, and Yogesh Lokhande, Pay Glocal has rapidly positioned itself as a leader in payment services. The company’s cutting-edge technology platform handles payment processing and transaction risk management.