Since last few years, the Indian payment industry has gone through disruptive moments like demonetization and empowerment of digital payments. In India, digital payments experienced phenomenal growth both in value and volume after demonetization. These e-payments are not only making transactions easier, but also boosting transparent economic growth. Such advanced technologies and innovations are therefore increasing the potential of the payments market. The growth story today seems more realistic, inclusive, and sustainable for a growing future.
The payments industry will see a consistent growth due to factors like rapid urbanization, rising income, growing GDP, expanding base of debit/credit cards, government push for digital payments, newer forms of payment acceptance, growing consumer literacy, and increased smart phone usage. Digital payments ecosystem would see a sustainable growth and consistent traction if expanded at the grassroots level i.e. MSMEs (Micro, Small, and Medium Scale Enterprises) and geographies including semi-urban & rural area.
India Transact Services Ltd., a subsidiary of AGS Transact Technologies Ltd., and an Omni-channel merchant digital payment solutions company, has been consistently simplifying the process of Transacting, Merchant Acquiring and providing Value Added Services. It offers complete digital payments infrastructure including hardware and software solutions to MSMEs and other organized players.
Unique Range of Omni-Channel Merchant Digital Payment Solutions
With a presence in 1200 cities PAN India, India Transact Services offers a wide range of innovative and customized digital payment products which include devices like Ongo mPOS/Digi POS, GPRS, PSTN, and Integration kit for Windows POS. The first-of-its-kind multi-acceptance Ongo Smart POS solution supports all modes of payment and value-added merchant services with features like QR Code acceptance, integrated loyalty solution, PRM, international card alert, and tip transactions feature. The loyalty portfolio offered by India Transact Services comprises products like Ongo Prepaid and Reward for MSMEs, which enables them to run customized schemes, and offer an instant gratification helping in customer retention and increasing footfalls through a cost-effective platform.
The leading digital payment solutions providing company was amongst the first in India to launch QR based payments via Ongo QR++ app, which enables merchants to accept payment through Bharat QR and UPI using a single QR code. Recently, India Transact Services has launched integrated billing software called Ongo Billing++ that enables retail merchants to carry out billing, manage inventory, and avail instant reports. Moreover, it can be integrated with payments and loyalty portfolio and offers customized solutions for retail merchants, restaurants and individual service professionals.
Ongo Paytrack for Merchants
India Transact Services has developed a one-stop web and mobile solution, Ongo Paytrack. It allows merchants to track and manage all payments and transactions, supports reordering and issue documentation. It also acts as a merchant plus consumer engagement platform. Merchants can access digital loans offered by various partners of India Transact Services through Ongo Paytrack. The qualifying merchants can receive and repay loans digitally through Ongo POS terminals.
India Transact Services also provides an online advertisement platform to empower MSMEs build their mobile presence facilitating consumer engagement and campaigns via its unique marketing tools.
Leader’s Devotion to India Transact Services Growing Success
Sunil Khosla, EVP, Sales & Marketing, India Transact Services Limited, represented India Transact Services at the Retail Technology Conclave, 2018 and India Retail & eRetail Congress in 2018. He has also been recognized as ‘One of the Greatest Marketing Influencers of 2018’ by CMO Asia. Sunil has been associated with India Transact Services since September 2015. Having a huge experience of 18 years in sales and distribution, Sunil with his colleagues at India Transact Services wants to champion the role of mentoring and introducing latest technologies, innovative product portfolio, and a robust go-to-market strategy for an inclusive growth. With their 3P mantra, the team of India Transact Services is bringing efficiency and expanding the base of payments, portfolios, and partnerships. With more than 500 employees spread across its PAN India branches, India Transact Services is growing rapidly at a whopping 200 percent rate and further aims to expand across 2000 cities.
One Stop Payment Solutions to Fulfill Versatile Demands of Clients
India Transact Services has been providing its advanced services to semi-urban and rural areas via its unique retail distribution model, wherein retail distributors are working as channel partners for reaching out to smaller markets and MSMEs. The company uses an app called Edge to improve front-end sales operations efficiency and an app called Partner Edge for its channel partners. These apps help with timely deliverables and swift responses to various merchant needs. Further, Cure, the service app enables an immediate and accurate response to every customer.
Standing Apart from Competitors with Variety of Payment Solutions
India Transact Services provides a unique bouquet of advanced digital technological solutions for its customers. To route, switch, and process electronic transactions, India Transact Services offers electronic payment solutions, where it integrates a variety of payment channels, including payment gateways and several mobile payment systems. Having a strong capability to develop customized solutions in-house, the leading payment solutions providing company has uniquely positioned itself to offer an integrated digital payment platform involving payment acceptance via cards, QR code, loyalty cards, billing, etc.
Serving Clients with Next-Gen Ideas
India is moving towards becoming the third largest economy in the world and India Transact Services believes that the “Digital India” vision will be one of the biggest pillars to achieve this goal. To assist the nation in building a strong economy, India Transact Services works with the leading public and private banks as well as small cooperative banks across India. Its esteem clientele base includes the names like Vibgyor Group of Schools, Dream India Education group, Mars Enterprises & Hospitality, Kamineni Hospitals, Sarvana Stores, Prasanna Purple, Sai Service Private Limited, Centrum Direct, House of Candy etc. With its dynamic team, India Transact Services is maximizing their contribution towards India’s foray into digital payments.