Worldline India reappoints Mr. Deepak Chandnani as Managing Director

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Post the acquisition of Chennai based MRL Posnet, a full stack, tech-led, integrated merchant acquiring solutions provider, Worldline has reappointed Mr. Deepak Chandnani as Managing Director, Worldline South Asia and Middle East and Managing Director, MRL Posnet.

On this announcement Mr. Deepak Chandnani, Managing Director, Worldline South Asia and Middle East and Managing Director MRL Posnet stated, “Having set an ambitious goal of becoming a leader in the Indian payment and transactional services industry,we are putting in place a highly experienced team for this exciting journey of achieving our goals. As we continue to scale up, we will also continue upgrading our processes and technology, along with people who are payment experts in key focus areas.’’

Mr. Deepak Chandnani has over 35 years of experience across a wide range of industries. Before joining Worldline in January 2014, Deepak was CEO, Obopay Inc., Redwood City, California. Prior to that, he worked in India as Managing Director, NCR Corporation India and in senior leadership positions in companies like Hindustan Unilever and Citibank. Deepak is best known as an entrepreneurial C-level executive who focuses on top and bottom line growth for startups and established companies in mature and emerging markets. His experience has been across industries, product categories and market segments, with expertise in financial services and payments. He is known for his competence to define and deploy product, marketing and sales strategies to capture the potential of the organization. He is also recognized for his ability to maximize operational capability and align company resources with customer trends to generate sustainable results in key performance areas.

Mr. Deepak Chandnani is a prominent figure in payments and banking circles and has actively participated in numerous forums like IAMAI Digital Money, IAMAI India Digital Summit, Cards & Payments Middle East, eTailing& Travel Commerce Conference etc. He is also the Co-Chair of the White Label & Mobile POS committee of the Payments Council of India (PCI) and is on the advisory board of a start-up MeraJob.in. Deepak holds a degree in Economics from St. Stephen’s College, Delhi and has done his Masters in Business Administration from Indian Institute of Management, Ahmedabad.

 

About Worldline: Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry. Worldline delivers new-generation services, enabling its customers to offer smooth and innovative solutions to the end consumer. Key actor for B2B2C industries, with over 40 years of experience, Worldline supports and contributes to the success of all businesses and administrative services in a perpetually evolving market. Worldline activities are organized around three axes: Merchant Services, Mobility & e-Transactional Services, Financial Processing & Software Licensing including equensWorldline.

In India, Worldline provides end-to-end solutions in issuance processing, acquiring processing, online/mobile payments and loyalty management solutions. It is the only third party processor to offer services across the payments value chain. Worldline is the largest acquiring processor in India and services more than 850,000 terminals and 100,000 QR code touch points across 1,600 locations. It offers comprehensive services under a ‘Design, Build, Host and Deploy’ model along with uniquely tailored value-added propositions. Worldline is also a significant player in card issuance as well with millions of credit, debit and prepaid cards issued and managed for customers.

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