Mastercard and Payswiff partner to boost digital payments in Tier II and III cities
Summary
Mastercard and Payswiff on Monday announced that they have signed a partnership to boost digital payments solutions beyond the top eight cities of the country, aimed at speeding up acceptance and adoption of digital payments in India. They will provide app, services and support in regional languages, especially in areas where Point-of-Sale (PoS) machines are not easily accessible. Payswiff’s SET is a mobile application where individuals and business owners can accept payments using more than 60 payment options including credit cards and debit cards, e-wallets, e-payment links and UPI. They will be able to unlock additional revenue streams using features in the app like mobile recharges and utility bill payments among others. It has 1.5 lakh devices deployed with merchants in the enterprise and small and medium business (SMB) space and plans to expand its services to over 3,000 locations in rural India.
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