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 India the service will cover over 100 locations in the country starting with cities like Delhi, Hyderabad, Chennai, Mumbai, Kolkata and Chandigarh.
Other mPOS solutions
In June, Bangalore-based mPOS payments startup Ezetap had been selected by the State Bank of India, to deploy 500,000 point-of-sale terminals over the next five years. The solution is expected to be available for customers of SBI and its five associate banks. Ezetap also partnered with Citibank to launch an mPOS solution for merchants targeting credit and debit card holders back in January 2013.
Reliance General Insurance also launched a mobile point of sales solution in January 2013, that allowed customers to pay insurance premiums using a mobile phone via an external card reader dongle that converts any GPRS enabled touchscreen phone into a POS terminal.
A month before that, Yes Bank had launched a mPOS solution that allowed GPRS-enabled mobile phones to function as point-of-sale terminals.
Axis Bank had also launched its mPOS solution Swipeon in partnership with Hitachi’s Prizm Payments and Mswipe Technologies in July 2012, while payments solution provider Oxigen Services India had launched a Mini ATM device called OxiShaan in September 2012, that functions like a mPOS terminal and can be used for mobile recharges, DTH recharges and merchant payments among others.