Categories: Banking

Worldline ePayments India Gets RBI’s Nod to Act as Payment Aggregator

Worldline ePayments India (WEIPL), a leader in digital payments, has received in-principle authorisation from the Reserve Bank Of India (RBI) to act as a payment aggregator (PA). The authorisation by the RBI was under the provisions of the Guidelines on Regulation of Payment dated March 17, 2020.

Bank Maha Pack includes Live Batches, Test Series, Video Lectures & eBooks

About The Worldline ePayments India (WEIPL):

Worldline ePayments India, part of Worldline group, offers solutions for all sorts of payment needs offering in-store, online, and omnichannel payments to its customers.

About Payment Aggregators and Payment Gateways:

  • Payment Aggregators facilitate e-commerce sites and merchants in accepting payment instruments from the customers for completion of their payment obligations without the need for merchants to create a separate payment integration system of their own. Example: Billdesk.
  • Payment Gateways are entities that provide technology infrastructure to route and facilitate processing of an online payment transaction without any involvement in handling of funds. PGs in India mainly include banks.
  • A Payment Gateway allows the merchants to deal in a specific payment option put on the portal, whereas a Payment Aggregator allows one to have multitudes of options for payment. Thus, a Payment Aggregator covers a payment gateway in its ambit.

Find More News Related to Banking

Piyush Shukla

Leave a Comment
Share
Published by
Piyush Shukla
3 years ago

Recent Posts

Which Musical Instrument is known as the Queen of Musical Instrument?

Did you know that one musical instrument is often lovingly called the “Queen of Musical…

9 mins ago

Andhra Pradesh Bags India’s Largest ₹8,175 Crore Lithium Battery Gigafactory

In a major clean-energy boost, Andhra Pradesh has secured India’s largest integrated lithium-ion battery Gigafactory…

24 mins ago

Defense Minister Rajnath Singh Inaugurates 13th Edition of Exercise MILAN-2026

India’s maritime outreach reached a significant milestone as Defense Minister Rajnath Singh inaugurated the 13th…

54 mins ago

Which District is known as the Engineering City of Uttar Pradesh?

Did you know that some cities become famous not just for history or food, but…

1 hour ago

India Joins Trump’s Gaza Peace Board as Observer Amid Global Diplomacy Push

India participated as an observer in US President Donald Trump’s inaugural Board of Peace meeting…

1 hour ago

IPC Lifts Ban: Russian and Belarusian Athletes to Compete at Milan-Cortina 2026

After years of restrictions, the International Paralympic Committee (IPC) has officially lifted the ban on…

2 hours ago