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We envision a unified payment system for the merchant to accept a variety of payment options.
Our Vision
The Problem
Merchants
Customers
◊ Getting hold of and maintaining a POS device
◊ Delay in settlement
◊ Per transaction costs
◊ Lack of widespread acceptance of wallet systems
Simple tracking.
Secure Card,NFC payments.
Instant e-bill generation and
reporting.
Our Solution
Our process is easy
Launch the app. Swipe Card or
Tap NFC.
Enter OTP / PIN and Confirm!
The process in detail
MarketSize
22.88 Million Credit Cards
615.53 Million Debit Cards*
But ONLY 1.23 Million POS terminals*
*RBI statistics, October 2015
₹ 9,600 CR in mobile payments#
#India mPayments report (Lets Talk Payments)
₹
Online
Card
^The Economic Times, May 25, 2015
^
Business Model
₹1500For the device.
2 – 3%For every transaction.
EZETAP Bank Issued POS
◊ High initial and maintenance cost.◊ No wallet
support.◊ Lacks built-in billing system.
Competition
◊ Difficult to acquire.
Varghese GeorgeProduct
Renjith V WarrierEngineer
Rakhul S PrakashDesign
Sidharth MaheshEngineer
Team
Thanks!Any questions?You can find me at:
◇ www.mindfox.co◇ [email protected]◇ +91 9496 102 745