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Thursday, May 21, 2015

IndusInd Bank inks pact with payment processing company Worldpay

The UK-based payment processing giant Worldpay has partnered with IndusInd Bank to offer acquiring services in India.

The association will assist both the companies in processing customers’ payments and marks the first step for Worldpay in entering the Indian market — a result of the growth in eCommerce across the country, IndusInd Bank said in a filing to the BSE.

“We are delighted to offer eCommerce acquiring services in India in association with Worldpay. We are confident that the association will help both organisations to contribute to the growth of the growing Indian eCommerce industry,” IndusInd Bank, Head of Transaction Banking, Ramesh Ganesan, said.

This partnership will allow each company to benefit from the other’s respective expertise in domestic and international payments, thereby, helping in promoting online payment services in India, he added.

Worldpay, Deputy Chairman, Ron Kalifa said: “India’s increase in card use has meant that more of our customers are looking to expand operations in the country.”

Source : Thehindubusinessline


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