Worldline ePayments India has announced that it has received approval from the Reserve Bank of India (RBI) to operate as a payments aggregator. This approval underscores the company's commitment to the Indian market and its commitment to comply with a well-regulated payment system.
RBI Strengthens Controls
The RBI recently strengthened its oversight of the payments sector, asking online payment companies to closely monitor merchant transaction-related activities on their platforms. The move aims to ensure compliance with the updated guidelines and strengthen regulatory oversight.
CEO Statement
Worldline ePayments India CEO Ramesh Narasimhan expressed his gratitude for the RBI's approval and highlighted the company's focus on compliance and commitment to the Indian market. The approval comes after the RBI granted in-principle approval to Prosus-backed PayU to also operate as a payments aggregator.
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