This initiative would also assist in the expansion of workforce and network across 550 plus cities, reported the Business Standard.
The bilateral venture between the companies will also allow the merchant base of Mswipe to get benefits from the various internet payment services offered by PayU India.
In addition to this, PayU’s wide range of merchants across sectors will have an access to Mswipe for their entire POS services related requirement.
“POS terminals are the preferred medium of payments by customers to transact digitally at merchant locations. The partnership with PayU is mutually beneficial to both companies as it helps each consolidate its leadership positions in their areas of focus,” said Manish Patel, founder and chief executive officer of Mswipe.
“The merchant network and the expanded footprint across small and mid-sized merchants will further help us bring them into the digital fold by offering affordable and convenient POS services,” he added.
“This partnership allows us to focus on our core of enabling digital payments across more brands and merchants across the country. As the leader in internet payment services, we remain committed to realising the Government’s Digital India vision by bringing access to digital payments to all,” said B. Amrish Rau, chief executive officer, PayU India.