Latest news with #RameshNarasimhan
Yahoo
29-05-2025
- Business
- Yahoo
PayPal, Worldline secure approvals in India for cross-border payments
Worldline ePayments India and PayPal Payments have secured regulatory approvals from Reserve Bank of India (RBI) to operate as cross-border payment aggregators. The authorisation to Worldline ePayments India to operate as an Export-Import Payment Aggregator – Cross-Border (PA-CB E&I) enables the company to facilitate online cross-border transactions for both import and export of goods and services. Additionally, Worldline is also authorised to operate as an online Payment Aggregator (PA) and as a Bharat Bill Payment Operating Unit (BBPOU). Worldline offers the advanced payments technology that helps global customers realise their goals. In India, Worldline is the preferred partner for more than 30 leading public and private sector banks, leading sectors like NBFCs, insurance firms, e-commerce businesses, startups, retail brands, hotel chains and several others. Worldline India CEO Ramesh Narasimhan said: 'We've been present in the Indian market for over two decades and have established a leadership position across sectors. We serve merchants in diverse segments such as eCommerce, BFSI, Retail, Utilities, Education, Travel, and Hospitality. This authorisation from the RBI is a strong endorsement of our unwavering commitment to the Indian market. It reaffirms our focus on regulatory compliance and underscores the importance of a secure and well-regulated payments ecosystem.' PayPal Payments, the Indian subsidiary of PayPal Holdings, has secured in-principle approval from the RBI to operate as a Payment Aggregator – Cross Border – Exports (PA-CB-E). PayPal India Government Relations senior director Nath Parameshwaran stated: 'The in-principle PA-CB-E approval by RBI is a significant milestone for PayPal. It reflects the strength of India's regulatory vision and the progress toward seamless, secure cross-border transactions. As India grows into a global export hub, PayPal remains committed to empowering Indian businesses with trusted digital payment solutions.' With the in-principle approval, PayPal can continue providing cross-border payment services within a regulated framework, supporting Indian merchants with improved consistency, transparency, and security in their global transactions. PayPal said the move opens new avenues for localised product innovations, improved customer experiences, and enhanced access to the company's worldwide payment network for large enterprises, small businesses, and freelancers in India. In 2017, PayPal launched domestic services in India. Although it had offered cross-border payments for years, it couldn't process transfers between Indian accounts until then. The launch enabled it to support both customers and merchants with domestic payment options. "PayPal, Worldline secure approvals in India for cross-border payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
India Gazette
27-05-2025
- Business
- India Gazette
Worldline gets RBI nod to facilitate cross-border online transactions for import-export
Mumbai (Maharashtra) [India], May 27 (ANI): Digital payments firm Worldline ePayments India Private Limited on Tuesday announced that it has received authorisation from the Reserve Bank of India (RBI) to operate as an Export-Import Payment Aggregator - Cross-Border. According to a statement from its parent firm Worldline India, this authorisation enables Worldline ePayments India to facilitate cross-border online transactions for the import and export of goods and services. Worldline ePayments India received the official communication from the RBI on May 21, 2025. Ramesh Narasimhan, Chief Executive Officer - India, Worldline, said, 'We've been present in the Indian market for over two decades and have established a leadership position across sectors. We serve merchants in diverse segments such as eCommerce, BFSI, Retail, Utilities, Education, Travel, and Hospitality.' 'This authorisation from the RBI is a strong endorsement of our unwavering commitment to the Indian market. It reaffirms our focus on regulatory compliance and underscores the importance of a secure and well-regulated payments ecosystem,' added Ramesh Narasimhan. In addition to the newly granted Payment Aggregator - Cross-Border (PA-CB) licence, the company statement said Worldline ePayments India is also authorised to operate as an online payment aggregator (PA), Bharat Bill Payment Operating Unit (BBPOU), enabling digital payments for domestic merchants across the country. In India, Worldline is a leading omnichannel payments technology player building a robust payment ecosystem for over 26 years. Worldline said it is the preferred partner for over 30 leading public and private sector banks, leading sectors like NBFCs, insurance companies, e-commerce businesses, startups, retail brands, hotel chains among others. (ANI)
India.com
27-05-2025
- Business
- India.com
Worldline Gets RBI Nod To Facilitate Cross-Border Online Transactions For Import-Export
New Delhi: Digital payments firm Worldline ePayments India Private Limited on Tuesday announced that it has received authorisation from the Reserve Bank of India (RBI) to operate as an Export-Import Payment Aggregator - Cross-Border. According to a statement from its parent firm, Worldline India, this authorisation enables Worldline ePayments India to facilitate cross-border online transactions for the import and export of goods and services. Worldline ePayments India received the official communication from the RBI on May 21, 2025. Ramesh Narasimhan, Chief Executive Officer - India, Worldline, said, 'We've been present in the Indian market for over two decades and have established a leadership position across sectors. We serve merchants in diverse segments such as e-commerce, BFSI, retail, utilities, education, travel, and hospitality.' 'This authorisation from the RBI is a strong endorsement of our unwavering commitment to the Indian market. It reaffirms our focus on regulatory compliance and underscores the importance of a secure and well-regulated payments ecosystem,' added Narasimhan. In addition to the newly granted Payment Aggregator - Cross-Border (PA-CB) licence, the company statement said Worldline ePayments India is also authorised to operate as an online payment aggregator (PA) and a Bharat Bill Payment Operating Unit (BBPOU), enabling digital payments for domestic merchants across the country. In India, Worldline is a leading omnichannel payments technology player, building a robust payment ecosystem for over 26 years. Worldline said it is the preferred partner for over 30 leading public and private sector banks, as well as key sectors such as NBFCs, insurance companies, e-commerce businesses, startups, retail brands, and hotel chains, among others.
