Worldline ePayments India Receives RBI Approval as Payment Aggregator

Worldline ePayments India has announced its receipt of approval from the Reserve Bank of India (RBI) to operate as a payment aggregator. This approval underscores the company’s dedication to the Indian market and emphasizes its commitment to compliance within a well-regulated payments landscape.

RBI Tightens Scrutiny

The RBI has recently intensified its scrutiny of the payments sector, urging online payment firms to closely monitor transactions-related activities of merchants on their platforms. This move aims to ensure adherence to updated guidelines and bolster regulatory oversight.

CEO’s Statement

Ramesh Narasimhan, CEO of Worldline ePayments India, expressed gratitude for the RBI’s authorization, highlighting the company’s focus on compliance and dedication to the Indian market. This approval comes in the wake of the RBI granting an in-principle approval to Prosus-backed PayU to also operate as a payment aggregator.