New Delhi: RBL Bank has entered into a strategic partnership with CAMSPay, the payments arm of Computer Age Management Services (CAMS), to introduce a new payment gateway integrated with merchants acquiring settlement services.
Under the arrangement, RBL Bank will facilitate settlement services for merchants transacting through the CAMSPay platform. The solution is designed to provide enterprises with secure payment processing, real-time transaction analytics, automated reconciliation, and settlements via open APIs. It aims to meet regulatory requirements while enabling scalability for high transaction volumes.
This collaboration aligns with the ongoing shift in India’s payments ecosystem, where increasing transaction volumes and regulatory changes are driving demand for robust, compliant settlement infrastructure. Merchant acquiring, enabling businesses to accept card and digital payments has emerged as a critical service area amid growing adoption of digital payment methods.
Industry observers note that partnerships between banks and fintech companies are becoming increasingly common as both sectors seek to combine regulatory expertise with technological innovation. For RBL Bank, the alliance supports its focus on enhancing services for payment aggregators, while for CAMSPay, it marks an expansion of its digital payment capabilities.
RBL Bank Managing Director and CEO R Subramaniakumar said the bank is committed to delivering reliable, real-time payment solutions. CAMSPay CEO Vasanth Jeyapaul stated that the platform is intended to address operational challenges and provide a stable, secure framework for business transactions.
The initiative comes amid heightened Reserve Bank of India oversight on payment aggregation, placing compliance at the forefront of such collaborations.
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