What began with an observation that India has over 400 Million credit & debit cards, 40 Million retail outlets but only 1 Million terminals, 40% of which don’t work due to outdated technology and lack of infrastructure i.e. shortage of power, stable telephone lines and technical support.
ePaisa is enabling small and medium businesses (SME’s) to run their businesses more efficiently with same tools as the big businesses use thereby increasing profitability and efficiency for SME’s.
Tools to make SME’s succeed.
ePaisa’s multi-lingual mobile based point of sale app (with features like cash register, inventory control, analytics and loyalty program) enables SME’s to accept payments via card, cash or loyalty points but also helps SME’s to generate higher profitability through value added service (VAS) offerings like bill & utility payments, mobile recharge, money transfer, rail, air and events ticketing, gift cards and more. VAS offerings help increase foot-traffic and revenue for the SME’s thereby making ePaisa point of sale a profitability tool.
ePaisa is working hard to ensure that accepting payments is neither complicated nor old fashioned. The process should neither require lengthy paperwork nor expensive terminals.
As entrepreneurs and small business owners ourselves, we believe in the power of SME’s and entrepreneurship, especially the positive effects it brings to the people, the community and to the economy of our nation.