The company received in-principle authorisation from the RBI to act as a PA in 2022. "We’ve been in the Indian market for more than two decades and have built a leadership position. We work with merchants from various segments such as eCommerce, BFSI, retail, utilities, education, travel, and hospitality for digital payments," Ramesh Narasimhan, CEO, India, Worldline, said in a statement. Worldline ePayments India Gets RBI Approval To Operate As Online Payment Aggregator.
The Court gave the ex facie finding while rejecting Bengali over-the-top (OTT) platform Hoichoi's plea for protection against de-listing from Google Play Store.
On February 14, ET wrote that fintech startups like EnKash, Paymate and others have been instructed by card network Visa to stop offering business payment services through their commercial cards. The central bank mentioned that only one card network offers this service currently, without naming them.
On Wednesday it was reported that RBI had directed global payment giants Visa and Mastercard to suspend card-based commercial transactions by both small and large businesses due to mounting apprehensions over Know Your Customer (KYC) compliance.
The Delhi High Court has held that Payment Aggregators (PAs) fall within the ambit of definition of Payment Systems and, therefore, the Reserve Bank of India (RBI) can frame guidelines to regulate them.