45% of the Indian population still remains underbanked and active online payment instrument users like cr/dr card/net banking is below 10%.
Increasing Smart phone and Internet user base is opening new markets for e-commerce and online service platforms but the on-boarding of new customer is low mainly due to the unavailability of payment options. This leads to companies competing among themselves for the already transacting user base.
Our innovative solution can help these companies to quickly reach out to the untapped customer base and leverage the high tele-density and smart phone penetration. Along with this, the solution also simplifies and quickens transactions with a higher success rate as fewer steps required to complete a transaction.
The Payment on delivery POD solution helps reduce the fund settlement cycles, reduces cost of collection and lower rejections compared to COD and that too without any additional POS terminal.
PayPointZ wallet can be integrated into almost all platform, hardware, front-ends. The infrastructure has been developed too accommodate various types of use cases with a wide list of customizations for for e-commerce websites, service providers, mass-transportation services, retailers, peer-to-peer solutions and other networks.