MYPINPAD expands global presence through a partnership with Mswipe and Visa

Tuesday 21 July 2020 12:42 CET | News

MYPINPAD has partnered with India-based mobile POS merchant acquirer Mswipe and Visa to propel contactless payments in India.

According to the press release, the announcement follows MYPINPAD becoming the first, and currently only company in the world to achieve Payment Card Industry (PCI) Security Standards Council (SSC) certification for its Contactless Payments on Commercial off-the-shelf (CPoC) solution.  

MYPINPAD’s solution is integrated into third party applications and delivered ‘As-a-Service’. It reduces cost across the entire face-to-face payment ecosystem by meeting PCI security standards through software updates alone. The solution serves retailers by reducing maintenance, replacement costs of aging hardware-centric POS systems, and providing stronger customer service with trusted and familiar devices.

On the other hand, Mswipe is developing tech innovations that enable micro, small, and medium enterprises (MSMEs), and merchants to accept payments through cards, wallets, mobile payment apps and bank apps, contactless, and QR payments. With over 675,000 POS and 1.1 million QR merchants, it is the largest independent mobile POS acquirer and network provider in India. 

Furthermore, due to the COVID-19 pandemic, the need for contactless transactions has increased. Therefore, Visa announced a commitment to support 10 million small businesses across APAC. The initiative is part of a global programme that sees Visa supporting 50 million small businesses worldwide. 

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Keywords: myPinPad, Mswipe, Visa, India, contactless payments, PCI, SSC, CPoC, Contactless Payments on Commercial, MSMEs, merchants, cards, wallets, mobile payment apps, bank apps, QR, POS, Acquirer, APAC
Categories: Fraud & Financial Crime
Countries: India
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Fraud & Financial Crime

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