Worldline ePayments India gets RBI approval to operate as payment aggregator

Worldline ePayments India, a leading global payment services provider, announced on Tuesday (April 30) that it has received approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA) under the Payment and Settlement Systems Act, 2007.

The development follows the company's in-principle authorization received in 2022, marking a significant step in its regulatory journey.

Leadership comments

Ramesh Narasimhan, CEO of Worldline ePayments India, said, "The authorization 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." 

The approval enables the French payment giant to expand its payment services and enhance its capabilities within India's growing digital economy.

Service spectrum and market presence

With a strong presence in the Indian market for over two decades, Worldline ePayments India has established itself as a pivotal player in the payments industry.

The company caters to a diverse range of sectors including eCommerce, BFSI, retail, utilities, education, travel, and hospitality, offering comprehensive payment solutions that encompass in-store, online, and omnichannel payments.

Recent approvals to fintech firms

In addition to WorldLine, RBI has also approved Zerodha's rival Groww to operate as a payment aggregator. In the past few months, RBI has granted several other online payment gateway companies, such as DigiO, PayU, CRED, and Mswipe, the status of payment aggregators.