Merchant Channels
COMING SOON
MERCHANT CHANNELS
This service enables payment acceptance through POS (Point of Sale), QR and e-commerce to complement our existing Visa card business.
MERCHANT CHANNELS
BENEFITS
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Need not carry cash, which is risky.
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Maintains higher balances in the account resulting in higher interest on deposits.
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Saves time and money in visiting bank branch / ATM to withdraw money and spend the same at merchant outlet, who has to again deposit the same in Bank.
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The time saved results in lower cost and higher productivity as time saved can be gainfully utilised
BENEFITS OF MERCHANT ACQUIRING
BUSINESS TO MERCHANT
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Cash handling is avoided
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The customer stickiness to merchant increases due to the facility.
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The customers have tendency to higher purchases/impulsive buying while using the card than cash, thus more sales and higher profits.
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Additional revenue stream from value added services.
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The facility can also have provision for customer loyalty points which are widely used to attract the customer to the outlet repeatedly.
ACCEPTED
CARD TYPES AND SCHEMES
Debit Cards
Accepted on PoS
Credit Cards
Accepted on PoS
Prepaid Cards
Accepted on PoS
VISA
Accepted on scheme on PoS
Union Pay
Accepted on scheme on PoS
Master Card
Accepted on scheme on PoS