Initializing...

Top Retail Brands

»
«

TranServ to launch mobile wallet with mVisa & RuPay

Digital payment firm, TranServ, is all set to launch a new model of mobile wallet in partnership with mVisa and RuPay which will make payments acceptable across all physical stores and eCommerce platforms.

Tags: TranServ, mVisa, RuPay, Mobile Wallet, Retail, eCommerce

BY Indian Retailer Bureau  |  Dec 01, 2015  |  comments ( 0 )  | 
TranServ

Stepping apart from the regular, digital payment firm TranServ is all set to launch a new model of mobile wallet in partnership with mVisa and RuPay which will make payments acceptable across all physical stores and eCommerce platforms. Currently eCommerce players are trying to  create exclusive spaces where only selective wallets can be used.

"Instead of partnering with numerous merchants individually, I have partnered with Visa and RuPay and will be tying up with as many banks possible to create wider acceptance of my wallet," said Anish Williams, CEO, TranServ. "The digital wallet space as a payments solution can only thrive once there is interoperability among wallets, for the ease of transactions of consumers,” he added.

Williams said that the TranServ wallet which is in its beta stage and is called Shmart will be re-launched with a new name and with additional features by the end of December 2015.

"The new app, in tie up with mVisa, would allow payments to be made at physical stores without a point-of-sales (POS) terminal through a QR (quick response) code which can be shown at the counter and also can be synced with a Visa card for payments at counters with POS terminals," he said.

TranServ has tied up with RBL Bank to create a Visa card which is available across various retail outlets. Once the unique card lets for number along with a pin number that is provided with the card is punched into the Shmart mobile app, the money in the m-wallet can be transacted through a point of sales terminal.

Don't Miss the Opportunity
World Franchise Congress
24 Nov 2015, Hotel Pullman, Aerocity, New Delhi.
Attend First global conference & master class on franchising.
GROW YOUR BRAND FRANCHISE >> REGISTER NOW!





Related Articles

  • Eretail
    RBL Bank and TranServ
    RBL Bank, one of India's fastest growing scheduled commercial banks and TranServ, a leading payments
  • Eretail
    Paytm ropes ICICI Bank to
    Mobile payment platform turned eCommerce marketplace, Paytm has recently tied up with ICICI Bank to
  • Trends
    M-wallet market to touch
    The growth of the market will depend upon on spreading awareness to the potential customers, RBI
  • Executive Movement
    Kishore Biyani resigns as
    Future group chairman Kishore Biyani has stepped down from the post of Managing Director of Future
  • Eretail
    RBI permits banks-eComm
    Now banks can jointly venture with eCommerce players with RBIís permission.

Comments

Rating  

Please add your comment:

Not readable? Change text.

Enter the characters as seen on the image (case insensitive)

Notify me of followup comments via e-mail

Subscribe for daily newsletter