India’s apex bank grants in-principle approval to Worldline ePayments India’s payment aggregator licence. Credit: InspiredImages from Pixabay.

Digital payments firm Worldline ePayments India has secured an in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA) in the country.

The approval was granted as per the provisions of Guidelines on Regulation of Payment Aggregators and Payment Gateways that was issued in 17 March, 2020.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

A subsidiary of French payments firm Worldline group, Worldline ePayments India currently provides its customers with various payment solutions, including in-store, online, and omnichannel payments tools.

Worldline India CEO Ramesh Narasimhan 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.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Narasimhan also added that RBI’s new regulations and frameworks for the entire digital ecosystem help in the increased adoption of digital payments by various end-users.

In September this year, RBI authorised payment service firm NTT DATA Payment Services India to function as a payment aggregator.

The in-principle approval was given for a PA licence submitted by NTT DATA Payment Services India.

A host of omnichannel payment providers, including Paytm, Pine Labs, Innoviti, MSwipe, Razorpay, Stripe and others have also received the apex bank’s nod for their PA licences.