Mswipe Technologies has clinched a coveted payment aggregator (PA) license from the Reserve Bank of India (RBI), catapulting the company into an esteemed league of entities reshaping India’s digital payments landscape. This prestigious approval aligns Mswipe with industry giants like Juspay, Razorpay, and Google, poised to redefine how transactions unfold in the digital sphere.
Armed with this license, Mswipe sets its sights on enhancing its array of services, aiming to deliver a seamless and user-friendly payment journey. Ketan Patel, co-founder and CEO, underscores the company’s unwavering commitment to harnessing cutting-edge technology in crafting omni-channel digital payment solutions.
The company’s strategic roadmap involves expanding its horizons beyond offline merchant acceptance devices, embracing payment gateway (PG) offerings with a special focus on catering to the mid-tier segment and MSMEs.
Anticipated benefits of the license include enriching Mswipe’s extensive merchant network, currently boasting over 6 lakh members, through innovative offerings such as sound boxes and loan collection services.
Mswipe stands as a beacon in the realm of omni-channel digital payments, providing merchants across diverse sectors with a comprehensive suite of offline and online payment acceptance solutions.
The startup’s future endeavors include rolling out a gamut of pioneering payment solutions meticulously crafted to address the dynamic needs of the digital economy.
This landmark development is poised to catalyze a wave of innovation within the sector, enhancing the payment experience for users and spearheading the march towards a more inclusive and technologically empowered payment ecosystem.