Mobile financial & VAS company Mahindra Comviva has entered into a partnership with payment solution provider First Data to roll out an mPOS solution in India, reports The Paypers. Comviva had first announced the global launch of payPLUS, its mPOS solution back in June 2013 although the company had not disclosed any signed-up partners for the initiative, thus, making this its first rollout. As a part of the agreement, small and medium enterprises (SMEs), service professionals and other businesses will be able use their phones as a point of sale device. The terms of the agreement were however not disclosed. Note that Mahindra Comviva had earlier launched an mPOS solution called payPLUS in June last year. This includes an app and a mini-card reader to accept card payments and offer financial and payment services including mobile money, branch less banking, mobile banking, mobile payments and point of sale solutions for proximity payments. The card reader, which includes an LCD display and a tactile pin pad for entering PIN numbers, connects to a merchant’s smartphone via bluetooth. The company had then mentioned that this solution will also enable merchants to use location based services to deliver promotional campaigns based on their location/ proximity. The platform is powered by its mobiquity platform and is targeted towards retail chains, insurance sector, supermarkets, restaurants and other businesses. Mahindra Comviva had also mentioned that large merchants with existing payment apps can also use payPLUS APIs to integrate card acceptance functionality. While there is currently no information on the cities where the service will be rolled out, First Data had earlier told The Times Of…
