Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Ant Esports Unveils Cutting-Edge Racing Products – GW180 Corsa Racing Wheel and RC200 Racing Cockpit

    December 2, 2023

    pTron launches Jazz Series of soundbars speakers for the ultimate sound and entertainment experience

    December 2, 2023

    Wynk Rewind is now live with India’s favourite music of 2023

    December 2, 2023
    Facebook Twitter Instagram
    Trending
    • Ant Esports Unveils Cutting-Edge Racing Products – GW180 Corsa Racing Wheel and RC200 Racing Cockpit
    • pTron launches Jazz Series of soundbars speakers for the ultimate sound and entertainment experience
    • Wynk Rewind is now live with India’s favourite music of 2023
    • itel new logo ushers an era of innovation, smart living, and youthfulness
    • iQOO Introduces Exclusive Priority Pass for the First Time Ever for iQOO 12
    • Noise launches Noise Three with Dual Device Pairing and Foldable Design in India
    • Price Drop for vivo Y56 and vivo T2 5G – Gets More Affordable
    • OnePlus triumphs as leading android smartphone brand during the Amazon Great Indian Festival 2023
    Facebook Twitter Instagram LinkedIn YouTube
    Mobility IndiaMobility India
    • News
    • Interview
      • Channel Focus
      • Retail Focus
    • Reviews
      • Product Featured
      • Hot Product
    • Featured
      • Top Stories
      • Event
      • Report
    • Gadgets
      • Smartphones
      • Imaging/Camera
      • Laptops
      • TV
      • Audio
      • Apps
    • E Mobility
      • EV
      • Auto
    • Gaming
    • Home Appliance
    • Make In India
    Mobility IndiaMobility India
    Home»News»Innoviti, Visa partner to develop installments platform for face-to-face transactions
    News

    Innoviti, Visa partner to develop installments platform for face-to-face transactions

    MOBILITY INDIABy MOBILITY INDIAAugust 27, 2020No Comments2 Mins Read
    Innoviti logo (PRNewsfoto/Innoviti Payment Solutions Pvt.)
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Innoviti has entered a partnership with Visa, the leader in payments technology to develop a platform that will enable issuers to extend credit to their cardholders at face-to-face point-of-sale (In India). 

    It provides shoppers the ability to choose how they pay during the purchase with the introduction of a suite of platform capabilities leveraging Innoviti’s uniPAY Next platform and Visa’s APIs. Innoviti and Visa plan to collaborate and pilot a variety of installment use cases as part of this partnership going forward.

    The installments platform will help merchants leverage cardholders’ existing relationships with financial institutions to provide installment solutions at the point of sale – through a single API-based integration. This will ultimately help merchants enhance sales, improve customer loyalty and overall cash flow, while offering their shoppers a friction-free payment experience at checkout.

    Banks will benefit by leveraging this platform to offer installment solution to its cardholders by simplifying current challenges – reconciliation, settlement, dispute management and scheme design flexibility.

    The platform will initially be piloted with one bank and enabled for key electronic merchant chains on Innoviti’s platform. It will subsequently be extended to other banks, merchants, and payment service providers through easy to use APIs using which they more use cases can be developed.

    Mass affordability is a recurrent theme for Visa in our quest to extend digital payments across the country. By enabling installment solutions at the PoS terminal and solving for friction that exists today in-store, we want to drive affordability at checkout and build consumer affinity for digital payments. We are excited about this partnership – the fast, intuitive and seamless nature of this installment solution will make it a preferred solution for Indian shoppers going forward”, said Arvind Ronta, Head of Products, India & South Asia, Visa.

    “India’s $1Tn consumption happens in a dynamic, vast & fragmented retail ecosystem fueled by the dreams of millions of merchants, large and small.  Bringing installment plans to their point-of-sale using digital payment channels can accelerate their growth, by enabling them to make a difference to the livelihoods and aspirations of their customers.   Key towards this is the need for a platform that is exceptionally designed to be scalable, robust, and easy to access.  We are excited about partnering with Visa to make it happen,” Rajeev Agrawal, CEO, Innoviti.

    Innoviti Visa
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    MOBILITY INDIA
    • Website

    MOBILITY INDIA Bureau: If you have an interesting article/experience/case study related to the ICT industry to share, please send us at editors@roymediative.com

    Related Posts

    Ant Esports Unveils Cutting-Edge Racing Products – GW180 Corsa Racing Wheel and RC200 Racing Cockpit

    December 2, 2023

    pTron launches Jazz Series of soundbars speakers for the ultimate sound and entertainment experience

    December 2, 2023

    Wynk Rewind is now live with India’s favourite music of 2023

    December 2, 2023

    Comments are closed.

    YXL
    Top Stories
    Cover Story

    Nifty Gadgets You can Gift Your Loved Ones this Festive Season

    By MOBILITY INDIAOctober 18, 20230

    Follow @mobilitymag With festive season round the corner, the younger ones and also the mature…

    Cover Story

    TWS Market – Affordability & Appealing Aesthetics attribute to unparalleled performance

    By MOBILITY INDIASeptember 21, 20230

    Follow @mobilitymag Convenient and hassle-free way to listen to music TWS stands for True Wireless…

    Cover Story

    Sleek & Stylish Chargers to Energize Your Devices in No Time – Instant Fast Chargers that can fuel the devices

    By MOBILITY INDIASeptember 1, 20230

    Follow @mobilitymag A mobile charger is a portable charger that allows users to restore power…

    News

    Best Mobile Phones below 30K

    By MOBILITY INDIAJuly 5, 20230

    There are too many options available to the consumers when it comes to mobiles under…

    News

    First Made-In-India Chip To Be Rolled Out By December 2024: Minister

    By MOBILITY INDIAJune 27, 20230

    First Made-in-India chips are expected to be rolled out by December 2024, Union Minister for…

    About US
    Mobility-logo

    A-23, 1st Floor Okhla Industrial Area, Phase-1, New Delhi-110020 (India)

    Telephone: 011-41602841, 011-40536384 -87

    Mob No. : 09811346846, 09625243429, 08287406709

    Regd.Off.: 38-B/56 Block, C. R. Park, New Delhi-110019.

    My Story

    Retail jobs in India down 12 percent amid record festive sales

    By MOBILITY INDIAOctober 8, 20220

    Femina Miss India world, Ms. Sini Shetty visited U&i booth at Big 7 Expo

    By MOBILITY INDIAAugust 30, 20220
    1 2 3 Next

    Mobility Magazine November 2023

    By MOBILITY INDIANovember 11, 20230

    Make In India Mobility Magazine November 2023

    By MOBILITY INDIANovember 11, 20230

    Make In India Mobility Magazine October 2023

    By MOBILITY INDIAOctober 17, 20230

    Mobility Magazine October 2023

    By MOBILITY INDIAOctober 17, 20230
    Facebook Twitter Instagram LinkedIn YouTube
    • Home
    • Contact
    • About Us
    © 2023 Mobility India. Designed by Roy Mediative.

    Type above and press Enter to search. Press Esc to cancel.