Global payment services leader Worldline ePayments India has achieved a significant milestone by securing authorization from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator (PA) under the Payment and Settlement Systems Act, 2007. This development underscores the company’s commitment to the Indian market and its focus on compliance within the well-regulated payments landscape.
Also Read: Decoding RBI’s Draft Guidelines for Payment Aggregators
The Authorization Journey for Worldline
- In-Principle Approval: Worldline ePayments India received in-principle authorization from the RBI to act as a PA in 2022. This initial approval paved the way for the company to play a crucial role in facilitating digital payments across various sectors.
- Payment Aggregator Role: As an authorized payment aggregator, Worldline ePayments India offers solutions for a wide range of payment needs, including in-store, online, and omnichannel payments. Their services cater to merchants from diverse segments such as eCommerce, BFSI, retail, utilities, education, travel, and hospitality.
- Leadership Position: With over two decades of presence in the Indian market, Worldline ePayments India has established a leadership position. Their expertise and experience contribute to the seamless execution of digital transactions.
Expanding Landscape
The RBI has been proactive in granting approvals to multiple online payment gateway companies to operate as PAs. Notable names include DigiO, PayU, CRED, CC Avenue, Mswipe, Razorpay, Cashfree, Decentro, Zoho, Tata Pay, Google Pay, and EnKash, among others. This trend reflects the growing importance of digital payments and the need for robust infrastructure to support them.
Conclusion
Worldline ePayments India’s authorization as an online payment aggregator reinforces its commitment to providing efficient and secure payment solutions. As the Indian economy continues to embrace digital transformation, authorized PAs play a pivotal role in shaping the future of financial transactions.