Worldline announced the signing of a memorandum of understanding (MoU) to run an Accelerator Programme for payment technology start-ups with Zone Startups India - a part of BRTSIF (BIL-Ryerson Technology Startup Incubator Foundation- part of BSE). Worldline will also provide technology, business and knowledge platform to help grow these young start-ups being incubated by Zone Startups India.
For the paytech accelerator programme, Worldline will work closely with the Zone Startups team to nurture innovation and entrepreneurship in the payment technologies space. The partnership is under the Buland Bharat initiative of Worldline and will support in creating greater awareness of digital payments adoption across India. Zone Startups India provides an interdisciplinary coworking platform for selected start-ups with infrastructure, access to industry partners, business development support, mentoring and client relations.
Worldline in India has over 20 years of payment experience and one of the most preferred payments partner of choice for all leading banks, retail brands, e-commerce companies, NBFCs, Insurance, start-ups, and SMBs in India. Worldline will bring a wealth of expertise in payment technologies for selected start-ups to provide a platform to learn, brainstorm, and guide them from the early state to jumpstart their growth and achieve scalability.
Vishal Maru, Executive Vice President, Financial Institutions, Worldline India, commented: "The BSE Zone Start-ups India is one of the sort after start-up accelerator in India. It is fantastic to see the work they are doing to support innovation and entrepreneurship. We could not have asked for a better partner to carry forward Worldline's values of innovation and growth in building a sustainable start-up ecosystem for payments technology. We look forward to closely working with their team to make this a success."
Hemant Gupta, Managing Director, Zone Startups India commented, “It is wonderful to have Worldline as our business solution partner. With their network spanned around the globe, our start-ups are going to have the opportunity of interacting with the wide range of Worldline merchants. The cohort will get unique opportunities for pilots from Worldline and mentorship of Worldline’s senior management. Looking forward to take this accelerator program to new heights through this partnership.”
Worldline in India offers one-stop shop for all payment needs – In-store payments, Online payments, and Omnichannel Payments. Worldline covers the whole payment value chain and end-to-end processes that facilitate services to over 1.5 million merchants across 5000 towns and cities in India.