New Delhi [India], Apr 7 (ANI-NewsVoir)
: In line with the government\'s vision for digital India and complemented by RBI\'s policy of advocating non-digital India
Cash transactions, MobiSwipe announced today that it will deploy more than 50,000 mPoS devices in the next three quarters of 2017.
The MPoS solution enables merchants to accept credit card and chip debit card and credit card payments on the go via a smartphone or tablet equipped with the MobiSwipe app, which connects to the pocket card reader.
While Metropolitan and first-tier cities have been steadily moving towards trading less cash, MobiSwipe focuses on second-tier, third-tier and other small cities that are not yet familiar with the concept.
There are already nearly 1000 terminals in operation, and the company\'s next goal is retail and e-commerce.
The second is financial institutions, banks, etc.
\"We see India as a huge opportunity for growth.
We are strong advocates of digital payments.
Non-monetization is a learning curve for everyone to understand how payments work and urge consumers to go beyond cash payments.
Channels have been opened
Cash payments, today, in addition to a handful of solutions, whether it\'s government initiatives such as wallets, PoS, mPoS, internet banking or UPI and BHIM, \"group President oma uae, Niranj Sangal.
\"In the past few months of operation, we have received the demand for about 20,000 MobiSwipe mPoS devices and would like to provide them in the next two months.
At the same time, there is also a demand for PoS devices, which indicates that India is ready to accept non-
Cash payments are a better option.
\"Our goal is to establish at least 1, 00, 000 PoS terminal
s by the end of the year,\" Sangal added . \".
He also added, \"due to convenience, cost and mobility, some merchants have grown from regular PoS to the use of mPoS devices.
In smaller cities, we learn about the lack of knowledge
about operations and costs.
We want to change this outlook and try to reduce costs associated with such transactions while simplifying operations and processes to make it a good choice for all.
We\'re trying to create an ecology.
System, businesses can benefit from it, all parties can profit from the system.
\"The registration procedure for MobiSwipe is simple and requires merchants to submit KYC and merchant agreement forms.
After the necessary documents, mPoS is handed over to the merchant.
The merchant can link his existing current account to MobiSwipe and does not need to be in-
Boarding process. Real-
Enable time transactions to transfer funds to merchant accounts on a daily basis.
MobiSwipe offers flexible payment options at competitive prices.
It comes with an Ingenico mPoS device, which is PCI-DSS and PA-
DSS certification is the preferred mPOS and Visa ready partner for MasterCard.
MobiSwipe drives paperless transactions, which is a cost-
This is an effective solution compared to PoS, which can be accessed via most Android smartphones.
Custom portals allow merchants to record history, reports, and other tools.
MobiSwipe is part of the solution provided by OMA Emirates and is currently being used in metropolises such as Mumbai, Pune, Bengaluru, Chennai and sriviliputhur in other cities such as Coimbatore, Cuddapah, etc. (ANI-NewsVoir)