Ezetap has joined hands with payment pioneers, cloud technology and SaaS sectors to start a new wave in India to deliver enhanced digital payment network. As an intelligent SaaS payment platform, Ezetap Smart and Secure solutions are now assisting millions of retailers, e-commerce firms, businesses, and companies of financial inclusion towards transforming their businesses in today's Digital India period. The core vision of Ezetap is to be the only platform to enable businesses to achieve a financial transaction with its customers, by providing them with all types of instruments, tools, techniques.
Ezetap is the first payment technology provider that provides an end-to-end mobile payment system (including hardware) to satisfy the needs of rapidly growing businesses. Ezetap, listed twice in a row by CNBC in their Global Top 50 Disruptor List 2016-17. Ezetap is the first in the market to launch POS SDK service for companies across India. Seven of Asia's top ten mPOS merchants trust Ezetap for its digital payment solutions.
Ezetap has released an open platform named the EzeSmart GPRS-based point-of-sale (PoS) terminal, which is Aadhaar Pay enabled and also provides an authentication feature of eKYC (KNOW YOUR CUSTOMER).
In addition to mobile wallets, including credit and debit cards, EzeSmart also facilitates other payment methods such as UPI and Bharat QR. It means if a user has linked their bank account with Aadhaar Number then he/she can initiate a transaction through fingerprint by using the fingerprint sensor of the device. In addition, EzeSmart can also be used with a company's e-KYC requirements.
Over the years, India has switched from a cash-based, economy to a digital, transparent economy, leading to a spike in financial services. Startups like smart payment provider Ezetap centered in Bengaluru are leading the way in making India the mecca of financial innovation. Established in 2011 by Abhijit Bose and Bhaktha Keshavachar, Ezetap operates on the mobile point-of-sale (mPoS) segment and has since globalized into expanding the payment interface with other software applications and systems that are used by the merchants across India. Ezetap transitioned payments to a software-as-a-service business model at a period when PoS firms earn money from transaction fees, enabling merchants to embrace digital transactions via physical cards, online payments, and mobile wallets with a single click through UPI.
The multichannel payment platform has end-to-end functionality with compatible software solutions to manage digital payment processing. The startup has transformed the payment systems of merchants, e-commerce companies, firms, government departments and financial organizations, with a SaaS payment network. The bundled programs include EMI, rewards, product offers, cashback and innovative conversion of currency. E-Commerce grew by great strides and Ezetap was one of India's first companies to wish to persuade COD shipments into digital payments – it was one of Ezetap's first use instances implemented in 2013.
By using digital payment methods, India is showing massive support for the Digital India project. Some of us have dumped the traditional wallets and fostered e-wallets and other digital payment methods. As we all know that UPI is India's most recommended payment option. Although UPI is a wider payment option, QR codes are gaining strong importance in India too. A dynamic QR code, as the title indicates, is dynamic in nature, and thus changes on each transaction. A retailer generates a Dynamic QR code in order to receive payments, which not only includes the name of the merchant and bank information but also the amount to be received by the payment made by the customer. Once scanned by a user, he does not have to type the number manually, the money will be sent to the merchant's account directly. This means the merchant is sure for the receivable amount, and no chance of fraudulent activities. And only for Dynamic QR Code payment system merchants are preferring Ezetap first for accepting the payments for their business.
Below listed are the reasons for which merchants are choosing Dynamic QR Code Payments.
Safety and Secure: Accepting QR Code payments will offer your clients, agents, and cashiers a measure of protection, particularly in the present times, where safety and security is the major issue in the platform of online payments. QR code is a feature that allows you to receive money in a completely contactless way which enables your customers to make a payment with just a few taps on their mobile screen.
Seamless Payment Experience: Ezetap Dynamic QR Codes provide a fast, seamless and safe payment experience. Unlike card payments, you do not need to enter your card details or PIN to complete the payment at the store. After the success of the transaction, both the merchant and the customer will get the transaction details instantly.
Avoid Manual Reconciliation Process: You do not receive any payment details in a static QR code. Thus reconciling the financial statements may be a headache some times. A dynamic QR code, however, is an integrated solution, which is generated automatically from the bill summary. This ensures it provides all the essential details of the payment, making reconciliation simpler.
Save Your Money: Recently the government made the Merchant Discount Rate (MDR) as Zero on UPI. As a merchant, however, you save money and time on UPI payments through Dynamic QR code, and you can allow any payment amount without having to think about the MDR.
Credibility through sectors: Dynamic QR codes are not only essential for payments in grocery stores, but also in all retail types, including clothing, accessories, and other. Also, some traffic police departments currently using dynamic QR-based payments which make it more efficient to tackle the situation of "I don't have cash." As of the current scenario, Ezetap is encouraging drug shops, hospital canteens, departmental, grocery stores, pharmacies, hospitals, government, and entertainment sectors to utilize contactless dynamic QR code payment solutions.
One can use the Ezetap Dynamic QR Codes at the below given sectors;
India's largest payment systems and solutions provide a single payment solution that is personalized to fit your business needs. Ezetap is your perfect partner to enhance your payment process with unique payment methods to your business expects. From dynamic QR code to SMS Pay, Ezetap helps you manage the payment solution for a unified platform in your billing system. Get in touch with the Customer Care service at 1800 313 141516 and the customer care representative will prepare a demo to make you understand how you can start accepting contactless payments including dynamic QR code to save your time at the time of checkout. In India Ezetap Dynamic QR Codes are the future of the digital payment platform. Dynamic QR transforms the payment interactions, both at the counter as well as at the doorstep services.
Nowadays the variety of methods a customer can pay is in abundance. Also evolving are the various touchpoints (online, in-store, or at-home) where a business can interact with its clients. Consequently, the complexities involved in receiving payments are increasing at a fast pace. For all of this Ezetap Universal Payments solution is your perfect partner to accept all types of payment for your business.
The universal platform is the only way that encourages businesses to consider some new payment method that may arrive in the future. You never need to worry about usability with a low-touch process for adding any number of new payment terminals. In short, Ezetap 's universal payment platform is the only solution for now and the future that businesses need.
Payment accepting Hardware
Convenient Payment Options
Below described are the payment features that enhance your business
Ezetap's SDK (software development kit) is an integration package that enables fast plugging of Ezetap's payment system into every smartphone device. This enables businesses to receive payments from their own application, without panicking about the implications of security or certification (PCI-DSS).
Ezetap's API (application program interface) is a set of protocols and resources that make it easier for a company to integrate Ezetap's payment system into their web app. This allows companies to safely receive payments over their web browser.
Ezetap's EMI (equal monthly instalments) platform is a trouble-free mechanism with which companies can conveniently offer their consumers an alternative to convert a transaction into EMI. Merchants can upsell goods with this option, and thus boost revenue. Ezetap's EMI solution is facilitated by major banks across the country.
One Device, Multiple Terminal IDs – Multi TID is a smart service that allows companies to use a single device to process payment acceptance for multiple business entities. This allows businesses to manage their operations smoothly.
Multi Bank Acquiring
The multi-bank acquiring method from Ezetap allows to route customers' payment transactions to the appropriate issuing bank or selected acquiring entity. This provides companies with the easiest online payment charges (Merchant Discount Rate-MDR) and thus optimizes overall costs.
Split settlement by Ezetap is a function in which companies can split the payment of a single transaction into different individuals or bank accounts. This enhances work efficiency because businesses do not have to think about operating a complex settlement procedure at the time of payment.
Automatic reconciliation is also an Ezetap payment mode that reduces manual reconciliation which is prone to errors. It also minimizes settlement periods by simplifying all transactions such as payment, billing etc into a single integrated network.
Smart Charge Slip
Ezetap’s smart charge slip or digital charge slip is a smart statement that substitutes the paper-based or physical charge slip. This is also a marketing mechanism to help companies to gain feedback from consumers, interact with their community, and sell more products, goods and services.
Insights and Reports
Insights and Reports is the personalized interface for Ezetap to manage payments in real-time and also offers useful information regarding time, place and other relevant data pertaining to the transaction history of a business.
UPI (Unified Payment Interface) is a digital single-window payment network established by India's National Payments Corporation (NPCI). It helps consumers to transfer money across bank accounts without needing to submit banking details at the time of transaction.
Ezetap 's Integrated EMI solution is a personalized payment system for businesses seeking for an easy yet customizable Affordability Payment Solution to enhance their customers’ experience. The Ezetap EMI solution is embedded into your existing POS or payment solution. This allows businesses to offer their consumers instant allocation of every transaction to Easy Monthly Instalment by credit/debit card or NBFC.
Key benefits of Ezetap Integrated EMI Solution
Associate Banks and NBFCs
Features of Ezetap's EMI Solution
Go through the below-listed features of Ezetap’s EMI Solution and know more about the unique payment solution.
Improve quality level by recording each EMI activity easily by utilizing the innovative optimized EMI solution.
No Cost EMI
Enhance your sales by giving your consumers No Cost EMI payment option.
Offer and Discounts
Offering fast bank discounts and cashback will lure more customers.
Debit/Credit Card EMI
Making big-ticket purchases is simple for your consumers as they can get instant EMI on their Debit and Credit cards.
Upsell the goods by offering cardless customers with simple NBFC financing options.
How to grow your business using EMI?
Go through the below given steps to register for Ezetap’s EMI Solution
Ezetap 's Payment Solution for Delivery is an option specifically developed for delivery businesses that are looking to embrace virtual/contactless payments at the doorstep of their customers. It is a secure and convenient way for delivery companies to accept digital or contactless payments from their customers at the delivery stage.
Methods od Zero Contact Payments
Below are the methods through which you can do zero contact payments at the time of delivery.
Key Benefits of Ezetap’s Delivery Solution
Throughout the Indian agricultural sector, cash is the powerful means for financial activities. For other instances, it has become the base for transporting products, purchasing crops, purchasing farm materials and payment transactions. In India more than 482 million citizens are serving in the agriculture sector to survive. Start-up firms such as Ezetap construct products manufactured in India, bearing Indian consumers in mind. Ezetap will create a financial profile centered on the expenditure and frequency of the farmers' transactions, by this farmers can access Chota ATM by Ezetap this will encourage a farmer with financial identification and a huge opportunity within the banking sector.
Ezetap supports standard access to capital to its consumers via its varied alliances. This ensures that if a farmer joins with Ezetap, he is instantly eligible for a credit line. Crop insurance is only significant for a farmer if he / she can get a premium in an easy and hassle-free manner. Ezetap has similarly authorized multi microfinance entities to generate loans and receive EMI in remote regions. For more information get in touch with the customer care support at 1800 313 141516 or mail your queries at firstname.lastname@example.org
A technology plan outlines to develop a startup. Ezetap, which initiated with a solitary offer of payments in 2011 and is now being moved into a SaaS business model. Over the years, India has moved from a cash-based, transparent economy to a digital, transparent economy, leading to a spike in the financial technology sector. And companies like smart payment provider Ezetap headquartered in Bengaluru are taking the lead in making India the major center of financial development. Established in 2011 by Abhijit Bose and Bhaktha Keshavachar, Ezetap operates in the mobile point-of-sale (mPoS) segment, and it has since varied into combining the payment interface with other software applications and systems the merchants are utilizing.
Ezetap switched payments to a software-as-a-service business model at a period when PoS companies generate income from transaction fees, enabling retailers to embrace digital transactions via physical cards, online payments, and mobile wallets with a simple click through UPI. The multichannel payment network provides end-to-end features with optimized software solutions to handle digital payment processing. The project has transformed the payment systems of brick-and-mortar stores, e-commerce companies, enterprises, government departments and financial inclusion organizations, with a SaaS payment network. The combined resources include redemption, EMI, rewards, customer deals, cashback and innovative conversion of currency.
Payment via SMS is a way to accept customer payments via submitting a text message or an e-mail. You or the operator can send the customer a payment link to their phone from your delivery agent app. To proceed the payment the customer has to open the link and select the payment option from net banking, debit/ credit cards, UPI, wallet. Your payment will be tracked by the delivery agent in real-time and knows when the payment has been made by the customer. Once your payment is done the delivery will leave your package at your doorstep.
How SMS payment is useful to customers?
SMS payment is useful to the customers and the agent too through many ways, that are listed below:
1. Comfort to the Customer: Payment via SMS brings digital payment comfort towards the next stage. No matter where your customer is, you can request payment from your customer anytime anywhere. For instance: If a customer ordered a product from your website or portal and instead of online payment he/she chose ‘Pay on Delivery’ option. But unfortunately, the customer is not available at his/her house to receive the product and make the payment on behalf of it. In such case, SMS payment is all that you need.
2. Seamless delivery process: An effective delivery cycle lets you build a good image with the consumers and complete payment as quickly as possible. Moreover, unless the customer is absent, the delivery agent is asked to make several visits to the same address until he delivers the product.
3. Easy payment collection process: Implementing virtual payment makes it much easier for you to accept payments no matter where you are. It lets you receive pending payments and bills receivables in a seamless way. You can alert your consumer for the payable amount by sending a payment link via SMS to his/her mobile number.
4. Increase sales: In case you don’t have COD option, you can offer your customers SMS payments which enables your customers to render payment at the time of delivery. This will boost your sales and revenues without bearing a fear of losing your customers.
5. Convenient process: With SMS payment, you minimise cash processing, and hence the drawbacks of it. SMS payment for cash management reduces the major challenge for businesses starting from agencies managing cash for you.
Which entities can gain profits from receiving payments via SMS?
Any business offering doorstep services, like deliveries, sales, or those delivering daily monthly / annual services, can benefit from the implementation of Ezetap’s SMS Payment service. Businesses include: Food or grocery, Clothing, e - commerce and other types of retailers, Insurance and Government entities, Education / Training academic institutions and freelancers for appropriate remote collections of payments.
How to start accepting SMS Payments?
For large companies, Ezetap can use an integrated solution with your existing app to enable SMS payment along with other digital payment options such as card payment, UPI, QR code payment, biometric enabled payment, etc., or offer you a personalized app for accepting SMS payments. For small stores/ retailers/ freelancers, Eztap offers you a Digital POS on your mobile through its in-app SMS payment solution.
Ezetap is the only one to transform the core of redefining the experience of payments. The SMS payment services allow businesses to send a single SMS payment request or Bulk SMS payment request depending on the number of customers. To render a payment customers only need to click on the ‘Pay Now’ link and they will be redirected to the payment page. To complete the transaction, customers can choose any form of payment.
In recent years Ezetap has been leading the way in the digital payments environment for Indian innovation. The key reason behind the development of the indigenous Duo 3 is to give consumers the innovative and most affordable alternative. Therefore, retaining the MSR (magnetic stripe reader) on top and the EMV chip card slot on side is only reasonable for the current model also to have the same design philosophy as the successor model. Duo 3 comes with an upgraded UX, clear and large display, keypad haptic feedback, EMV contactless feature, new safety certification and elegant style. The conventional audio jack has now been removed; Duo 3 does not need to be connected into the mobile and can be easily utilized in your palm. Duo 3 is certified with EMV Contactless and is only the slimmest device on the market.
When a consumer is not happy with the facilities you offer, they'll only go out and decline to revisit your shop. To turn the first-time consumer into a regular return buyer is thus a much tougher obstacle nowadays. Besides hiring pleasant and supportive sales personnel, there's a lot more which you need to deliver a seamless customer service that will help your customer cherish your shop again and again. And actually, apart from the sales staff's support and kindness, payments do play a key role in providing smooth consumer satisfaction. Hence, by going through the following you can make a better understanding about how Ezetap’s Integrated POS Payment Solution will be the ideal partner for your business.
1. Simplified processes that further improve efficiency: The processes are manual and slow, with a standard non-integrated payment system, sometimes with minimal payment choices. This affects the time taken for implementation methods including settlement, payment processing via separate devices for different modes, overall checkout period etc. Ezetap’s Integrated payment solution comes with a plethora of features to save your time and effort such as auto reconciliation, integrated payment processes, automated reports and more in order to enhance the payment process. This increases the revenue and finance teams' operational efficiency by minimizing random errors and reducing the time wasted working on manual calculation and payment transactions. However, various payment choices render the checkout procedure seamless and quick in a single feature.
2. Flexible payment methods: With the ever-evolving payment sector, and new and emerging digital payment methods, consumer expectations change. Customers of the digital world prefer to make payments using new-age payment methods like PhonePe, QR code, AmazonPay, UPI etc. Briefing customers' needs is getting more challenging each day. To add to that, offering the accessibility of all payment methods requires personal collaborations with the payment company. The integrated smart payment solution from Ezetap offers a platform interface for the approval of all types of payment modes, thus Ezetap provides you with a streamlined single platform experience with flexible payment methods.
3. Enhanced user experience: Allowing your customers to make a safe and secure payment of his / her choice helps you to enhance your customer experience. Therefore, with modern age payment solutions such as QR code -scan-and-pay or UPI, which are suitable for seamless payments to the digital world customers helps you to dramatically boost the consumer service. In the event of long queues, you can also skip checkout queues and execute transactions to fast-track the operation. With this digital payment system accessible to you, payments can be accepted anywhere within the shop, card-based payment at the convenience of the customer or directly via the SMS-based payment facility. An individual who has ordered only one product or service does not need to wait for the transaction to be done in the queue. You can either incorporate a self-checkout platform for such customers or use Ezetap's Queue Busting solution with embedded and smart wireless devices to provide a fast and secure payment experience.