Updated below: MobiSwipe Technologies, a Mumbai-based mobile PoS Company, has secured funding from One97 Mobility Fund. MobiSwipe allows merchants to use Android mobile phones or tablets as Point of Sale (PoS) terminals with the capability to accept credit and debit card payments. The monetary details of the funding have not been disclosed. Following the investment, Vijay Shekhar Sharma will also join the MobiSwipe Board and become Chairman for the company. According to MobiSwipe, the funding will allow the company to scale up operations and accelerate growth, and it will launch customized products for merchants for the purpose. One97 Communications*, the company behind the One97 Mobility Fund, already offers payment services under the Paytm payments brand. Vijay Shekhar Sharma, founder and CEO of One97 Communications said that the funding was in line with the fund's philosophy of supporting mobile focused ventures, and…
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