Does a merchant need an Indian bank account to be paid?

No. PayU settles cross-border collections to the overseas merchant in its chosen currency, according to PayU's documentation, so the merchant does not need an Indian entity or an Indian bank account. On NORBr, those settlements are reconciled with the merchant's other providers, and Indian revenue appears in the same reports as the rest of its activity.

Cross-border settlement

PayU's cross-border offering lets an overseas merchant accept Indian payment methods, UPI, netbanking and Indian cards, and receive settlement in its chosen currency, outside India. According to PayU's documentation, the merchant does not need an Indian entity or an Indian bank account. PayU, as the regulated payment aggregator, handles the collection in rupees and the conversion.

What the merchant sees

• Indian methods presented at checkout, under the operator's brand.
• Settlement in euros, dollars or another supported currency, on PayU's schedule.
• The conversion rate and fees applied, itemized.

On NORBr

PayU is one provider in the merchant's payment stack. Its settlements are reconciled with the merchant's other providers, so Indian revenue appears in the same reports as the rest of the activity, with the conversion visible. The operator activates PayU per merchant and method, and routes Indian traffic to it. For a European or American merchant selling to Indian customers, this is the difference between a project involving an Indian subsidiary and an activation on the platform.