India’s TechProcess Payment Services has unveiled a new mobile-first payment platform that allows merchants to replace cash on delivery with e-payment on delivery.
The new platform, called Paynimo, enables consumers to complete transactions securely with minimal taps as well as converts the merchant’s smart-phone into a virtual point-of-sale device, allowing offline merchants to collect e-payments.
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It features a dashboard for effective consumer service, no website and POS, configurable UI support merchant branding guidelines, instant integration and payment confirmation as well as PCI DSS 3.0 certification.
TechProcess Payment Services CEO Kumar Karpe said: "Paynimo empowers a merchants’ existing smartphone to collect e-payments without them having to invest in any additional infrastructure including a POS machine. As a ‘Super Wallet’, our solution will spur the activation of debit, credit and prepaid cards.
"Our goal is to harness the potential of existing payment methods in the consumers’ hands and facilitate cashless transactions. Paynimo is a step in this direction as the platform operates independent of stashing cash in it."
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By GlobalData
