StartUp Terminal
No Result
View All Result
Friday, March 5, 2021
  • Login
  • Home
  • News
    • Tie-up
    • People Movement
    • Tie-up
    • Launch
    • Funding
  • Interview
  • Opinion
  • Feature
  • Events
  • Variety
  • Video
Subscribe
StartUp Terminal
No Result
View All Result
">
Home Tie-up

Mswipe has partnered with MYPINPAD and Visa to accelerate contactless revolution in India

by StartUp Terminal Bureau
July 21, 2020
in Tie-up
0
Mswipe has partnered with MYPINPAD and Visa to accelerate contactless revolution in India
156
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
">
Mumbai, India, July 21, 2020 – MYPINPAD, the global leader in secure personal authentication solutions today announces new strategic partnerships with Mswipe, India’s largest independent mobile POS merchant acquirer and network provider, and the world’s leader in digital payments, Visa, to propel contactless payments in India.
The announcement follows MYPINPAD becoming the first, and currently only company in the world to achieve Payment Card Industry (PCI) Security Standards Council (SSC) certification for its software only Contactless Payments on Commercial off-the-shelf (CPoC) solution. 
Mswipe has partnered with MYPINPAD and Visa to accelerate contactless revolution in India
This is an especially important market for MYPINPAD, given that tap-to-pay or contactless card payments in the Indian market are in hypergrowth, led by Visa with over 30mn contactless cards issued.
Mswipe is at the forefront of driving tech innovations that enable micro, small and medium Enterprises (MSMEs), and merchants to accept payments through cards, wallets, mobile payment apps and bank apps, contactless and QR payments.  With over 675,000 POS and 1.1 million QR merchants, it is the largest independent mobile POS acquirer and network provider in India.
The global impact of the COVID-19 pandemic has fuelled the need for contactless transactions, with Visa recently announcing a commitment to support 10 million small businesses across Asia Pacific. The pledge is part of a global program that sees Visa supporting 50 million small businesses worldwide. As part of the commitment, the company is introducing a range of programs and solutions to help small and medium enterprises (SMEs) drive efficiency and sales by accepting and making digital payments to meet increased demand for cashless payments – both online and in-store.  
CEO of MYPINPAD, Colin Greene, commented, “MYPINPAD makes it easy and affordable for merchants to become a part of digital acceptance and the payments ecosystem. Mswipe has spearheaded technology innovation in digital acceptance and payments for small and medium businesses in India. This important milestone, following our recent world-first PCI SSC CPoC certification, is another huge step for the industry in simplifying digital acceptance for the smallest of businesses to the larger retailers.”
CEO of Mswipe, Manish Patel adds, “What we plan to achieve alongside MYPINPAD will be incredibly significant for consumers, merchants and India in its entirety. The company’s technology will enable true democratisation of payments and accelerate the contactless revolution in India, which will result in huge socioeconomic benefits. We look forward to deploying the solution, and where the partnership will take us in the future.”
Shailesh Paul, Head, Merchant Sales & Acquiring and Cybersource, India & South Asia, Visa said, “Consumer preference for tap to pay or contactless payments offers a transformational opportunity for our collaboration with MYPINPAD and Mswipe. By empowering small merchants to use their mobile phones to accept tap to pay digital payments and without the need to invest in a standalone terminal, this solution should truly help propel digital payments far and wide across India.”  
MYPINPAD’s solution is easily integrated into third-party applications and delivered ‘As-a-Service’. It significantly reduces cost across the entire face-to-face payment ecosystem by meeting PCI security standards through software updates alone. This relieves pain-points such as the cost of traditional payment and POS hardware for the smallest retailers, while also serving larger retailers by significantly reducing maintenance, replacement costs of aging hardware-centric POS systems and ultimately providing stronger customer service with trusted and familiar devices.
Tags: Tie-up
  • Trending
  • Comments
  • Latest
Five Management Consultancy Trends for 2021

Five Management Consultancy Trends for 2021

November 4, 2020
Arianna Pacchiarotti

International Women’s Day: Interview with Arianna Pacchiarotti

March 5, 2021
Samina Yusuf

International Women’s Day: Interview with Samina Yusuf, Manager, Pixcom Group of Companies

February 25, 2021
Subrata Nag, Co-Founder, Chairman & MD, True Frog

True Frog: An Environment-Friendly Personal Care Brand from Earthy Blend

February 13, 2021
Cashcow aims to become India’s No. 1 Fintech Company in next 3 years

Cashcow aims to become India’s No. 1 Fintech Company in next 3 years

4
“Discount Kitna Milega” a Fast-Growing Online Marketplace in India. Though it’s fairly new to the E-commerce space, yet it’s doing incredibly well

“Discount Kitna Milega” a Fast-Growing Online Marketplace in India. Though it’s fairly new to the E-commerce space, yet it’s doing incredibly well

3
Interview: Mitali Srivastava, Co-Founder and Managing Partner at Utopeia

Interview: Mitali Srivastava, Co-Founder and Managing Partner at Utopeia

2
LatestOne.com plans to go global and aim to find themselves uniquely positioned in emerging economies

LatestOne.com plans to go global and aim to find themselves uniquely positioned in emerging economies

1
Imogen Micklewright-Hill

International Women’s Day: Interview with Imogen Micklewright-Hill

March 5, 2021
Tracey Jewel

International Women’s Day: Interview with Tracey Jewel, Founder, Upself Self Care

March 5, 2021
Patricia Pallozzi

International Women’s Day: Interview with Patricia Pallozzi, Director, Raffaele Ciuca

March 5, 2021
Liv Jones

International Women’s Day: Interview with Liv Jones

March 5, 2021

Search News Item Here

No Result
View All Result

Email ID

editorial@startupterminal.com

Categories

  • Acquisition
  • Events
  • Feature
  • Funding
  • Interview
  • Launch
  • News
  • Opinion
  • People Movement
  • Singapore Startup News
  • Tie-up
  • UAE Startup News
  • UK Startup News
  • Uncategorized
  • Variety
  • Video

Site Navigation

  • Home
  • About Us
  • Corporate News (AF)
  • Advertise
  • Contact Us
  • Corporate News (IN)
  • Privacy Policy

Global News Portal on Technology, Business, and Startups.

© 2021 Startup Terminal - Global News portal on Technology, Business, and Startups by Startup Terminal.

No Result
View All Result
  • Home
    • Home
  • News
  • Interview
  • Variety
  • Funding
  • Events
  • Opinion

© 2021 Startup Terminal - Global News portal on Technology, Business, and Startups by Startup Terminal.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?