View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
May 26, 2015updated 04 Apr 2017 4:02pm

TechProcess unveils new mobile-first payment platform

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.

By Verdict Staff

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.

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."

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International