Worldpay, the global leader in payments has partnered with IndusInd Bank Limited to offer domestic acquiring services in India. The association will assist both 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.
Worldpay already offers local acquiring across 45 countries and by having a partnership in India, the company will be able to acquire Indian merchants domestically.
UK-based airline British Airways has recently moved its acquiring in India to Worldpay, meaning the majority of its global acquiring is supported by Worldpay and Indian volume will be processed through IndusInd Bank.
Neville Stone of IAG Corporate Services explains: “Having multiple suppliers globally can pose challenges for accurate reporting and visibility over finances. By using Worldpay – a trusted partner in the majority of countries in which we operate – we have ensured the full automation of processes, removing pressure on our back office functions and also allowing us to reconcile with ease, making planning and forecasting straightforward.”