Mswipe Technologies

Mswipe is India’s largest independent mobile POS merchant acquirer & network provider. We believe in serving the smallest of merchants. India currently has 12-15 million SMEs and mobile POS is the only channel which can efficiently link these SMEs to mainstream financial services & digital commerce. Today less than 500,000 SMEs have any type of POS. Mswipe aims to provide seamless mobile POS solutions to such merchants across India and create India’s largest financial services platform for SMEs. • Mswipe’s terminal, Wisepad accept all major types of cards (VISA/MasterCard/AMEX & Rupay cards) and works with conventional phone, smart phones, tablets & PC’s • Some of the features that set Mswipe’s solution apart from traditional solutions are : o The Wisepad is a compact, wireless device & allows merchants to accept card payments anywhere o Does not require opening a new account with any specific bank. Your Mswipe account can link with any bank account of your choice o Freedom from paper charge slips. You do not have to store charge-slips as these are digital & all charge-slips can be accessed online o Mswipe provides app for all major platforms - Android, iOS, Windows Mobile, Windows PC, Java & Linux • Mswipe has introduced some new possibilities in payment industry such as, o “Card on delivery” for e-commerce operators; o SME’s & professionals such as doctors, physio-therapists, interior decorators accepting card payments o Mswipe’s solution integrates with the existing apps of customers & can post payment details directly into the backend systems of customers to eliminate the task of reconciling payments against orders To name a few, Jabong & Myntra allow customers to pay by ‘Card on delivery’, insurance companies – HDFC life insurance, Max Bupa are accepting insurance premiums at customers’ homes, Orchid hotel now allows check-out in the guest’s room, Inox & Satyam Cinemas allows users to buy tickets at kiosks powered by our solution.
Type
Private
HQ
Mumbai, IN
Founded
2011
Employees
235 (est)+4%
Mswipe Technologies was founded in 2011 and is headquartered in Mumbai, IN

Mswipe Technologies Locations

Mumbai, IN

Mswipe Technologies Metrics

Mswipe Technologies Summary

Founding Date

2011

Total Funding

$25 M

Latest funding size

$25 M

Time since last funding

over 1 year

Investors

Mswipe Technologies's latest funding round of $25 M was in July 2015. In total, Mswipe Technologies has raised $25 M.

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