RBI grants in-principle authorisation to Worldline ePayments India Private Limited to act as a payment aggregator
India — 21 / 12 / 2022
Mumbai, India, 21st December 2022: Worldline ePayments India, a leader in digital payments today announced that it has received in-principle authorisation from the Reserve Bank Of India to act as a payment aggregator (PA)
Worldline ePayments India has received in-principle authorisation from the Reserve Bank Of India to act as a payment aggregator (PA) under the provisions of Guidelines on Regulation of Payment Aggregators and Payment Gateways dated March 17, 2020. This communication from the Reserve Bank of India (RBI) was received by WEIPL on 20th December 2022.
Ramesh Narasimhan, Chief Executive Officer- Worldline India said,
“We’ve been in the Indian market for more than two decades and have built a leadership position. We work with merchants from various segments such as eCommerce, BFSI, Retail, Utilities, Education, Travel, and Hospitality for digital payments. The in-principle authorisation from RBI is a testimony to our commitment towards building a digital payment ecosystem in India.”
Worldline ePayments India, part of Worldline group is uniquely positioned to offer a one-stop shop for all payment needs offering in-store, online, and omnichannel payments to its customers. RBI has been proactive in introducing regulations and frameworks to help the entire digital ecosystem. These initiatives enhance trust among end-users to further increase the adoption of digital payments, added Ramesh Narasimhan.
ABOUT WORLDLINE INDIA
Worldline India is part of the Worldline group. Worldline India offers a one-stop shop for all payment needs – In-store payments, Online payments, Omnichannel Payments, and Issuance and Acquiring solutions. Worldline India has over 20 years of payment experience and is one of the most preferred partners of choice for all leading banks, retail brands, e-commerce companies, NBFCs, Insurance, start-ups, and SMBs in India. Worldline covers the whole payment value chain and end-to-end processes that facilitate services to over 1.5 million merchants across 5000 towns and cities in India. Supported by an over 2000-member team, Worldline India is constantly investing in its people and in the latest technologies to increase efficiencies, drive innovation, and enhance digital payments adoption across the country. in.worldline.com
ABOUT WORLDLINE
Worldline [Euronext: WLN] helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customised for hundreds of markets and industries, Worldline powers the growth of over one million businesses around the world. Worldline generated 4.4 billion euros in revenue in 2022. worldline.com
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