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Markets: BFL-Worldline to acquire solutions for merchant network

Fiinews by Fiinews
June 20, 2022
in Markets
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Bajaj Finance has been consistently delivering credit solutions, says Jain

Bajaj Finance Limited (BFL), the lending arm of Bajaj Finserv Limited and India’s largest and highly diversified NBFC company, has partnered with Worldline [Euronext: WLN], a global leader in payment services from France, to develop point-of-sales (POS) payments acquiring solutions for its merchant network.

“We have successfully managed large scale partnerships in India and other markets and are looking forward to a long term mutually beneficial partnership with Bajaj Finance Limited,” said Deepak Chandnani, Executive Chairman, Worldline India, SA & ME.

“Our expertise in creating and managing the entire merchant lifecycle journey will benefit BFL in offering rich experience to their valued customers,” he said on 20 June 2022.

“Our dedicated workforce will ensure seamless execution for Bajaj Finance’s requirements which will contribute to the growth of both the entities,” said Chandnani.

“As a part of our broader strategy to expand the digital offerings, we forayed into the digital payments business last year to offer an integrated payment solution to customers and merchant partners,” elaborated Rajeev Jain, Managing Director, Bajaj Finance Limited.

“Bajaj Finance has been consistently delivering seamless and agile credit solutions to consumers and merchants alike, and this partnership will only help extend our product suite to go beyond credit products to commerce and payments technology across our large and expanding network of merchant stores, spread throughout the length and breadth of the country.”

He further stated, “Bajaj Finance has always been at the forefront of digital technology, and we are confident of leveraging Worldline’s cutting-edge technology to deliver a disruptive and game changing in-store payment acceptance experience for our ever-growing merchant partner ecosystem.” fiinews.com

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