{"id":570716,"date":"2025-11-04T08:40:00","date_gmt":"2025-11-04T07:40:00","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=570716"},"modified":"2025-11-04T08:40:00","modified_gmt":"2025-11-04T07:40:00","slug":"indias-compliance-push-powers-cross-border-payment-growth-study-shows","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/indias-compliance-push-powers-cross-border-payment-growth-study-shows\/","title":{"rendered":"India\u2019s compliance push powers cross-border payment growth, study shows"},"content":{"rendered":"

\"\"A new research report by PayGlocal<\/a>, \u201cNavigating Compliance in Cross-Border Payments: The Evolving Regulatory Landscape,\u201d<\/em> highlights how India\u2019s compliance-driven regulatory ecosystem is propelling the country\u2019s emergence as a global trade and payments hub.<\/p>\n

Over the past few years, the Reserve Bank of India (RBI) and allied regulatory bodies have built a robust framework that sets global benchmarks for transparency, fund security, and operational integrity. These measures have significantly reduced settlement risks, strengthened auditability, improved traceability, and boosted international confidence in India-led payment systems.<\/p>\n

With inward remittances reaching $135.46 billion in FY 2025<\/strong>\u2014the highest in the world\u2014and outward flows rising 17% year-on-year<\/strong>, India\u2019s regulatory discipline has become not just a supervisory safeguard but a strategic enabler of global payments leadership. By embedding governance into scale, India is helping define global standards for secure, efficient, and compliant cross-border transactions.<\/p>\n

The report\u2019s comparative analysis across eight global jurisdictions places India among the most progressive, showcasing a balance between regulatory harmonisation and measurable progress in financial inclusion.<\/p>\n

Commenting on the findings, Prachi Dharani, CEO of PayGlocal<\/strong>, noted, \u201cIndia\u2019s cross-border payments landscape is entering a decisive new phase\u2014powered by digital trust, compliance-driven financial innovation, and growing sectoral diversification. This report highlights how resilient regulatory frameworks and payment modernisation are reinforcing India\u2019s global competitiveness. With expanding adoption of secure digital rails, India is steadily positioning itself as one of the world\u2019s most trusted export ecosystems.\u201d<\/p>\n

The study also benchmarks India\u2019s progress against leading jurisdictions such as Singapore<\/strong> and Australia<\/strong>, which already facilitate near real-time settlement through PayNow and NPP systems. India\u2019s regulatory architecture is steadily evolving towards similar frictionless, compliant digital payment rails. The RBI\u2019s cautious stance on private stablecoins, coupled with the development of the e-rupee<\/strong>, reflects a calibrated policy approach<\/strong> that safeguards monetary sovereignty while enabling innovation.<\/p>\n

Key Findings:<\/h4>\n
    \n
  • Export diversification:<\/strong> High-value export categories such as electrical machinery (up 45%), dairy products (up 41%), and fish and crustaceans (up 17%) have surged in early 2025, signalling a shift from commodity exports to value-added sectors.<\/li>\n
  • Robust services trade:<\/strong> India maintained a $132.5 billion<\/strong> services trade surplus, led by IT, digital, and consulting exports that continue to offset merchandise trade deficits.<\/li>\n
  • Compliance-driven competitiveness:<\/strong> The Payment Aggregator Cross-Border (PA-CB)<\/strong> framework and IFSCA capital norms are strengthening global confidence through fund segregation, capital adequacy, and transparent settlement practices.<\/li>\n
  • CBDC adoption:<\/strong> The retail e-rupee<\/strong> crossed 1 million daily transactions by December 2023<\/strong>, with circulation reaching \u20b91,016 crore by March 2025<\/strong>, underscoring India\u2019s leadership in digital currency and sovereign control over cross-border payments.<\/li>\n
  • Regulatory credibility:<\/strong> The RBI\u2019s measured and policy-driven approach to stablecoins reflects its focus on monetary sovereignty<\/strong> and systemic stability<\/strong>, positioning India as a benchmark for compliant digital currency ecosystems.<\/li>\n
  • Operational efficiency:<\/strong> Settlement timelines now average 2\u20133 business days<\/strong>, aligning India with global peers and improving exporters\u2019 liquidity cycles.<\/li>\n
  • Infrastructure readiness:<\/strong> Through regulatory sandboxes and international PSP frameworks, India is emerging as a regional hub for compliant cross-border fintech innovation.<\/strong><\/li>\n<\/ul>\n","protected":false},"author":35621,"featured_media":539074,"parent":0,"template":"","categories":[11395],"tags":[27086,29543,11668,11649,11438,32208,21391],"class_list":["post-570716","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","tag-aml-compliance","tag-b2b-cross-border","tag-cross-border-payments","tag-digital-banking","tag-digital-payments","tag-fintech-compliance","tag-fintech-news"],"acf":[],"yoast_head":"\nIndia\u2019s compliance push powers cross-border payment growth, study shows<\/title>\n<meta name=\"description\" content=\"Over the past few years, the Reserve Bank of India (RBI) and allied regulatory bodies have built a robust framework that sets global\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/indias-compliance-push-powers-cross-border-payment-growth-study-shows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s compliance push powers cross-border payment growth, study shows\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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