MYPINPAD Asia Partner with Mswipe to Bring Next Generation POS Devices to India
MYPINPAD Asia, an enabler of secure multi-factor authentication for touchscreen devices-including smartphones and tablets, recently announced a new partnership with Mswipe.
Mswipe is India’s largest independent mpOS merchant acquirer and network. As a result of the new partnership, Mswipe will integrate MYPINPAD’s Software PIN Entry Solution into its mPOS devices to meet the mandate of the RBI to increase the deployment of secure PIN enabled acceptance devices into the Indian market.
Mswipe can be proud to have reached the status it has thus far, it is considered one of the most successful and fastest growing companies in India’s payment processing industry, offering card processing and financial services to SMEs throughout more than 500 cities and towns across India.
The company’s mPOS devices will offer touchscreen tech, ensured by the MYPINPAD SPES, for the capture of cardholder PIN-cutting out the need for a separate PIN pad device, ending up in reduced support and unnecessary manufacturing costs and an improved cardholder experience.
Manish Patel, Mswipe Technologies, CEO & founder said: “As a payments processor, our priority is to make transacting easier for SMEs in India and MYPINPAD is helping us achieve this. MYPINPAD’s SPES solution allows us to produce a new generation of POS terminals that are more secure. This also brings the added benefit of reduced production costs, faster time to market and overall, enables us to improve user experience for both our merchants and their consumers.”
Philip King, MYPINPAD Asia Ltd, Executive Chairman and CEO, said, “We are delighted to announce our partnership with Mswipe. India is a major market with a rapidly evolving payments landscape. To ensure that the evolution and growth of mobile payments is sustainable, security is paramount. MYPINPAD and Mswipe will provide a solution that addresses the growing demand for secure mobile payment methods in a scalable, cost effective and secure environment.