Mint Exclusive: Worldline looks to sell India payments business | Company Business News

French payments giant Worldline is exploring the possibility of divesting its India operations, as revealed by sources familiar with the matter. The company has enlisted the services of investment bank BNP Paribas to assess the potential sale. This strategic move comes amid Worldline's efforts to streamline its global activities and focus on core markets where it sees the most growth potential. Worldline's decision to consider selling its Indian payments business reflects the highly competitive and rapidly evolving landscape of the financial technology sector in India. The country has emerged as a significant market for digital payments, with a burgeoning fintech ecosystem driven by a tech-savvy population and government initiatives promoting cashless transactions. Despite the opportunities, the market's complexity and intense competition might have prompted Worldline to reassess its position. The potential sale could attract interest from both local and international players looking to strengthen their foothold in India's lucrative payments market. While Worldline has not publicly commented on the matter, industry analysts suggest that a successful sale could provide the company with capital to reinvest in its primary markets, aligning with its broader strategy to enhance operational efficiency and shareholder value.

— Authored by Next24 Live