Demonetization brought forth by the Prime Minister of India, Narendra Modi, last year introduced a slew of economic, banking and payment reforms. Digital transactions have surged post demonetization of high-value currency notes, and the Central government, ever since, has been actively engaged in promoting cashless transactions to achieve its target of 25 billion digital transactions in 2017-18, data from the Reserve Bank of India (RBI) indicates.  In the era of digital and e-transactions, the need of the hour is secure, reliable, quick and scalable digital payment service. Chennai-based QPay India has taken full stock of digital payment system and has been riding the transformation wave in the country.

The beginning

The core team of QPay India comprises Sivaprakash, a chemical engineer; Manikandan, who holds a Bachelor´s degree in Chemical Engineering and an MBA degree; Dhiru Jani, a veteran IT practitioner and Prakash Jani, a seasoned player in the e-commerce sector.  QPay India leveraged the combined experience of these experts in card processing and acquisition to good effect, and QPay India was born.

QPay India strives to offer e-commerce merchants a full range of solutions for digital payments and online checkout processes. Sivaprakash says, “We have tailor-made payment solutions for the Indian market, particularly the small and medium sized enterprises. We are fully secure and complaint with the Payment Card Industry – Data Security Standards (PCI DSS), Entrust & 3D secure,” says Sivaprakash. He adds, “A personalised approach guarantees each and every customer gets a unique and secured payment solution,” he adds.

What is QPay India all about?

QPay India processes both domestic & international Credit Cards & Debit Cards. There are options wherein consumers can opt to pay the total cost of the purchase in easy Equated Monthly Installments (EMI).  This helps merchants with more conversion, and consumer can purchase and pay according to his or her cash flow. Their in-built fraud management system ensures each transaction is verified and analyzed against several key parameters to ascertain if the transaction is a genuine one or not. QPay’s real-time statistical reports can help the user with better decision making.

The QPay Mobile Checkout page feature is available by default in their API which merchants can use for their mobile apps or mobile site. Their APIs, detailed integration kit and internal processes enable the merchant to get started without any hiccups. QPay is PCI Data Security Standard (PCI DSS) certified and 3D Secure, with a slew of several data security standards and industry-standard-encryption techniques.

Demonetisation in India has opened up new vistas for how people pay after purchase. QPay ePOS is the new kid in the block that is built for small merchants and retailers deprived of a website of their own or the wherewithal to accept electronic payments for the goods or services they offer. All they require is an Android phone with Internet connection.

The road ahead
Sivaprakash asserts, “With hi-end system architecture, highly secured Data Centers, 24X7 monitor & support, cross platform compatibility along with mobile checkouts and excellent security standards, QPay India is the way ahead for startups and SMEs in India to make fast and secured digital payments in future.”

Website:   QPay India

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