TCS launches Merchant Pay, to integrate payments across multiple channels
TCS launches Merchant Pay, to integrate payments across multiple channels

Tata Consultancy Services (TCS) has launched 'Merchant Pay', a transaction solution that will help retailers seamlessly integrate payments across multiple channels like Aadhaar, credit and debit card as well as phone-based payments through a single interface.

With Merchant Pay, consumers will be allowed to transact by using fingerprint and confirming identity at stores that are enabled with this platform.

TCS said, "The Merchant Pay platform will effectively integrate with various banks to provide multiple-mode payment options to suit one's own business model and provide a unified view of all payments."

It will also serve as a business analytics platform for strategic business decision making to reduce cost of payment.

The solution will facilitate advanced analytical data by offering analytical report based on transaction pattern analysis.

Ravi Viswanathan, President, Growth Markets, TCS, said, "With numerous digital payment methods like UPI, eWallets, Aadhaar Pay, Debit and Credit cards available, there was a need for a unified platform that integrates all digital payment methods offering convenience to customers and also allowing merchants to accept any form of digital payment."

 
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