Worldline ePayments gets RBI nod to act as payment aggregator

Mumbai: The RBI has granted in-principle authorisation to Worldline ePayments India Private Limited to act as a payment aggregator.

Talking to Bizz Buzz, Ramesh Narasimhan, CEO of the company said, "We have established a leadership position in the Indian market over the course of more than two decades. For digital payments, we work with merchants from a wide range of industries, namely e-commerce, BFSI, retail, utilities, education, travel, and hospitality. The in-principle authorisation from the RBI is an indication of our commitment to creating a favourable environment for digital payments in India."

The RBI has taken the lead in establishing policies and guidelines that would enhance the whole digital economy. As a consequence of these measures, end customers are more likely to adopt digital payments, he said.

The company is a leader in digital payments has received in-principle authorisation from the Reserve Bank of India to act as a payment aggregator 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 December 20.

The firm has been in the Indian market for more than two decades and has built a leadership position. It works with merchants from various segments for digital payments. 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, he said.

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 omni-channel payments to its customers.