MUMBAI (Reuters) – Worldline ePayments India said on Tuesday that it has received the Reserve Bank of India’s (RBI) approval to operate as a payment aggregator.
The RBI recently took steps to tighten scrutiny of the payments sector, asking online payment firms to monitor transactions-related activities of merchants on their platforms and ensure they meet fresh guidelines.
“The authorisation from RBI is a testimony of our commitment to the Indian market and affirming our focus on compliance and highlighting the significance of a well-regulated payments landscape,” Ramesh Narasimhan, chief executive officer – India, Worldline, said in a statement.
Last week, the RBI had given an in-principle approval to Prosus-backed PayU to operate as a payment aggregator.
(Reporting by Siddhi Nayak; Editing by Savio D’Souza)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.