MobiSwipe Gets Funding From One97. Aims To Offer Multiple Mobile Payment Options
Mobile Point of Sale (PoS) company MobiSwipe Technologies, has managed to secure financial support from One97 Mobility Fund. Though the exact quantum of investment has been kept under wraps, the company aims to expand scale of operations & offer customized solution to partner merchants. Vijay Shekhar Sharma from One97 will join founders Suresh Santhanaramakrishnan and Harmeet Singh Arora on the company’s board.
Started just a year back MobiSwipe is working to eliminate the need to carry cash for transactions at merchants & shops. Using mobile phones & tablets, the company is coming up with ways to offer high level of customization & flexibility which many other contemporary solutions lack. MobiSwipe currently offers an integrated mobile PoS & mobile payments solution, allowing merchants to integrate Invoicing with their ERP systems in real time. In simple words, orders can be amended securely, even at the time & location of exchange, using only the equipment at hand. These changes are updated immediately at the back-end.
The company is in talks with merchants & hardware manufacturers to finalize specifications for the specialized handheld terminals which the sales representatives will carry. A while ago we had witnessed a unique venture wherein tablets were used to enhance sales in rural areas. Such systems could truly benefit these endeavors.
How does the company earn?
Interestingly, the company doesn’t sell its solutions; neither does it charge a monthly rental from the participating merchants. In a strategic move MobiSwipe charges a small per-transaction fee which is flexible depending on the size of the merchant & volume of business generated.
Despite the efforts to innovate this segment, MobiSwipe will have to work harder to fend off competition & enhance market share. Another company, Ezetap, is working in the exact same sphere. Additionally, global giants like Groupon, Square, PayPal & others are working hard to attract customers & users.
There’s no doubt Mobile Based payment systems are witnessing a revival. The question is; will people let go of their dependence on physical cash?
Image Courtesy | yourstory.in
Looking For A Social Media Agency?? – Contact WATConsult – India’s Leading Social Media Agency
WATBlog is India’s Best Blog Of 2009 and is owned and managed by WATMedia Pvt Ltd a Digital Media Company that aims at being the thought leader in the space by Connecting the Web, Advertising and Technology (WAT) Industry in India.
2012-11-22 09:40:14
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,707,745,180 |
| Stories: | 8,448,501 |
Whistler Blowers, Insiders
