RBL Bank partners with CAMSPay to provide merchant acquiring settlement service
RBL Bank announced on Tuesday that it has partnered with CAMSPay, the payments unit of CAMS, to launch 'The CAMSPay's New Payment Gateway,' a next-generation digital payments platform aimed at meeting the evolving needs of Indian enterprises.
Under this partnership, RBL Bank will act as the Merchant Acquiring Settlement Service Partner, facilitating seamless acquiring settlement services for CAMSPay. The collaboration merges CAMSPay's innovation in payment technology with RBL Bank's robust banking infrastructure to deliver a secure, scalable, and regulation-ready payments solution.
The service will enable CAMSPay to offer scalable payment gateway services with real-time analytics, reconciliation, and settlement through Open APIs, while ensuring compliance with regulatory requirements. The offering also promises enhanced agility for businesses through reliable, real-time payment processing.
R Subramaniakumar, MD & CEO of RBL Bank, stated that the bank is committed to enhancing its value proposition to payment aggregators by leveraging cutting-edge technology and operational efficiency. Vasanth Jeyapaul, CEO of CAMSPay, added that the new gateway is designed to provide a stable, secure, and flexible platform that meets regulatory standards while delivering real-time capabilities.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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