Worldline ePayments India Gets RBI Approval To Operate As Online Payment Aggregator
The company received in-principle authorisation from the RBI to act as a PA in 2022. "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," Ramesh Narasimhan, CEO, India, Worldline, said in a statement.
New Delhi, April 30: Global payment services leader Worldline ePayments India on Tuesday announced that they have been granted authorisation by the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator (PA) under the Payment and Settlement Systems Act, 2007.
The company received in-principle authorisation from the RBI to act as a PA in 2022. "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," Ramesh Narasimhan, CEO, India, Worldline, said in a statement. Groww Receives Principle Authorisation From Reserve Bank of India To Operate As Payment Aggregator.
"The authorisation from RBI is a testimony of our commitment to the Indian market and affirming our focus on compliance and highlighting the significance of a well-regulated payments landscape," he added. PayU Gets RBI’s In-Principle Nod To Operate As Payments Aggregator.
Worldline ePayments India offers solutions for all kinds of payment needs offering in-store, online, and omnichannel payments to its customers. Since late last year, the RBI has approved multiple online payment gateway companies to be PAs including DigiO, PayU, CRED, CC Avenue, Mswipe, Razorpay, Cashfree, Decentro, Zoho, Tata Pay, Google Pay, and EnKash, among others.
(The above story first appeared on LatestLY on Apr 30, 2024 07:36 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).