Worldline promotes Deepak Chandnani to Executive Chairman and appoints Ramesh Narasimhan as CEO in India

In his new role as CEO, Ramesh will drive business strategy and revenue growth for Worldline India. He will embark on his new role from April 1, 2022, upon completion of Deepak Chandnani’s term as MD & CEO. Ramesh Narasimhan joined Worldline as Head of Digital Commerce India through the acquisition of Ingenico, where he had been serving as CEO India.

Commenting on the development, Vincent Roland, Head of Merchant Services, Worldline said: “Since going public in 2014, Worldline has been pursuing its ambition to be a global leader in payments. The acquisition of Ingenico in late 2020 was part of our growth strategy and enhanced our leading position in many geographies including India. The promotion of Deepak Chandnani and Ramesh Narasimhan reflects our core value of ‘empowerment’, as we believe in trust and support for our people and the business alike in order to realise their full potential. I would like to congratulate Deepak Chandnani for his promotion to Chairman for India and South Asia and look forward to his continued support and guidance to enhance the business in the region. My congratulations also go to Ramesh Narasimhan on his appointment as CEO of India. He will help in driving our business in India to the next level of success.”

Deepak Chandnani, newly appointmted Executive Chairman, Worldline India and South Asia/Middle East said: “I am delighted to enlarge my remit and look forward to continue to contribute to Worldline’s continued success. At the same time I am extremely pleased to welcome Ramesh as the new CEO of the India business. His experience of over three decades in Information Technology, and vast understanding of the payments landscape has been instrumental in creating value and trust for our partners. I believe Worldline in India will continue to outshine in all business verticals under Ramesh’s leadership.”

Upon his appointment as CEO India at Worldline, Ramesh Narasimhan, said: “Our ambition is to continue to scale our business in India, which is one of the most dynamic and fast-growing markets in the world of digital payments. I am very excited to take on this new role and I am looking forward to leading the strong Worldline India team and realise our ambitions in this strategically important market."

About Worldline

Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry and #4 player worldwide. With its global reach and its commitment to innovation, Worldline is the technology partner of choice for merchants, banks and third-party acquirers as well as public transport operators, government agencies and industrial companies in all sectors. Powered by over 20,000 employees in more than 50 countries, Worldline provides its clients with sustainable, trusted and secure solutions across the payment value chain, fostering their business growth wherever they are. Services offered by Worldline in the areas of Merchant Services; Terminals, Solutions & Services; Financial Services and Mobility & e-Transactional Services include domestic and cross-border commercial acquiring, both in-store and online, highly-secure payment transaction processing, a broad portfolio of payment terminals as well as e-ticketing and digital services in the industrial environment. In 2020 Worldline generated a proforma revenue of 4.8 billion euros. worldline.com

Worldline India Pvt. Ltd., a wholly-owned subsidiary of Worldline, is partner to over 20 banks and work with all top e-commerce giants. In India, 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, South Asia / Middle East. Services offered by Worldline in India are in the areas of Merchant Acquiring, VAS, Card Issuance, National Electronic Toll Collection, Risk Mitigation, Reconciliation, Loyalty solutions; and online solutions like NextGen Payment Gateway, Subscription Payments, Payment Orchestration Platform, Online Cross Border Solution, Tokenisation among others. Supported by over 2000 members team, Worldline India is constantly investing in its people and in the latest technologies to increase efficiencies, drive innovation and enhance digital payments adoption across the country.

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