India's Xflow gains in-principle nod for online payment aggregation [Yahoo! Finance]
PayPal Holdings, Inc. (PYPL)
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Source: Yahoo! Finance
This authorisation is applicable to both import and export payment flows. Xflow, which commenced operations in 2021, was co-founded by Anand Balaji, Ashwin Bhatnagar, and Abhijit Chandrasekaran. The company is headquartered in Bengaluru, India and has received backing from investors including Lightspeed, General Catalyst, and Stripe. Balaji 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.” The firm has set a target to cater to 30,000 businesses by the end of this year, an increase from over 10,000 businesses it currently serves. The approval follows the introduction of Xflow's FX AI Analyst product, a tool designed to assist businesses with USD/INR currency trend analysis and currency conversion decisions. Presently, a group
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News
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PYPL
Earnings
- 10/28/25 - Beat
PYPL
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/1/25 - Form 4
- PYPL's page on the SEC website