Archive · 24 Jul 2026
Glomo Becomes India's First Non-Bank Visa Principal Member
Glomo, a company that helps businesses with payments, has become the first non-bank company in India to join Visa's Principal Member program.
This means Glomo can now process Visa card payments directly for merchants, making it faster and easier for businesses to accept international payments.
It also gives Glomo more control over things like transaction approvals, fraud monitoring, and handling disputes.
This is good news for businesses that operate in multiple countries, as it will make their payment processes more efficient and transparent.
Visa is happy to have Glomo on board, as it strengthens the payment infrastructure in India and helps businesses expand globally.
Glomo becomes the first non-bank acquirer in India to receive Visa’s Principal Member status.
This allows Glomo to process Visa card payments directly for merchants, improving transaction approval, fraud monitoring, and dispute handling.
The direct acquiring arrangement reduces merchant onboarding and payment processing time through traditional banking channels.
Benefits businesses such as exporters, AI and marketplace platforms, SaaS companies, financial services firms, education platforms, and enterprises serving customers across multiple countries.
Glomo plans to leverage its membership to strengthen its card infrastructure capabilities, including the development of issuing products.
- Who
- Glomo, a regulated payment service provider at GIFT IFSC, and Visa
- What
- Glomo has become the first non-bank acquirer in India to receive Visa’s Principal Member status
- When
- July 24
- Where
- GIFT City, Gujarat, India
- Why
- To enhance cross-border payment processing capabilities and provide direct control over transaction approval, fraud monitoring, and dispute handling
Glomo's Perspective
Visa's Perspective
Benefits of Principal Membership
Glomo's Perspective
Glomo emphasizes direct control over transaction approval, fraud monitoring, and dispute handling, leading to more predictable settlements and improved payment performance for merchants.
Visa's Perspective
Visa highlights the importance of trusted and secure payment infrastructure, enabling seamless and reliable commerce for businesses expanding across borders.
- Company
- Glomo
- Location
- GIFT City, Gujarat, India
- Membership Status
- Visa's Principal Member
- Date
- July 24
- CEO
- Akash Arun
- Visa Country Manager, India
- Rishi Chhabra
- Key Benefits
- Direct control over transaction approval, fraud monitoring, dispute handling, and reduced foreign exchange conversion costs
- Target Businesses
- Exporters, AI and marketplace platforms, SaaS companies, financial services firms, education platforms, and enterprises serving customers across multiple countries