New Delhi, India – 03 August 2015: Mahindra Comviva, the global leader in providing mobility, today announced that its payPLUS mPOS solution has been approved by Visa for inclusion in the Visa Ready Program. The solution provides a payment acceptance system that complies with Visa Inc’s applicable Visa Ready Program requirements for mPOS. By adopting payPLUS solution, merchants as well as customers can enjoy the benefits of payment acceptance from virtually any location.
An integrated payment solution, payPLUS converts the ubiquitous mobile into a Point-of-Sale device and helps small and large merchants to extend anytime anywhere commerce. By serving consumers who prefer the convenience of cards, businesses not only win back lost sales opportunities, but also enhance customer loyalty. It enables merchant acquirers to equip businesses of any size with card acceptance – whether a large enterprise needing mobility or a small business that needs to serve customers at home or on the road.
“With businesses going mobile today, mPOS has the power to transform payments and commerce in various geographies. Basic mPOS-enabling hardware is now a commodity, and the key to revenue growth and differentiation lies in the business enablement services offered by mPOS. Through Visa approved payPLUS, we will continue to provide safe, secure and seamless payment acceptance that complies with Visa Inc.’s applicable requirements”, said Srinivas Nidugondi, Senior VP & Head of Mobile Financial Solutions, Mahindra Comviva.”
Mahindra Comviva’s payPLUS solution goes way beyond merely facilitating card transactions anywhere by adopting an integrated view of the entire ecosystem of banks, telcos, merchant acquirers, merchants and consumers. It combines the power of a lightweight mobile app and a card reader, and fully complies with EVM Chip+PIN and Chip+Sign global standard to offer multiple payment options including credit / debit / prepaid cards along with open and proprietary wallets.
About Mahindra Comviva
Mahindra Comviva is the global leader in providing mobility solutions. It is a subsidiary of Tech Mahindra and a part of the USD 16.5 billion Mahindra Group. With an extensive portfolio spanning mobile finance, content, infotainment, messaging and mobile data solutions, Mahindra Comviva enables service providers to enhance customer experience, rationalize costs and accelerate revenue growth. Its mobility solutions are deployed by over 130 mobile service providers and financial institutions in over 90 countries, transforming the lives of over a billion people across the world. For more information, please visit http://www.mahindracomviva.com/olddata.
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Sundeep Mehta Global PR & Corporate Communications Mahindra Comviva T: + 91 124 481 9000 email@example.com