Retail Payments

Real-Time Payments

Globally there is an uptick in the launch of the Real-Time Payment System, which is rapidly changing the way consumers transact using new-age digital channels. Mindgate Solution is a pioneer in the RTP & UPI space since its inception, processing 100 million transactions per day and over 2 billion transactions monthly seamlessly and securely.

Our RTP (UPI) Solution helps in facilitating new age real-time payments providing ease of instant transfer with the use of Virtual payments address (VPA), QR codes, or any other qualified account identifiers– coupled with solid end-to-end security & data protection.

RTP Solution platform provides API that can be consumed by delivery channels, participants’ payment gateway. This offers a white labelled standalone payments app (IOS and Android) along with SDK for integration with bank’s mobile app platforms.

The platform is built on a state of art technology framework and is optimized for high availability, scalability and facilitates launching various value-added services for all participants across channels with a quick turnaround time and with reduced TCO.

Key Highlights of the Solution

Message Orchestration with delivery channels
Messaging standard compatible with ISO 20022 Standards and other established specifications
Rest API based message interface
Micro services enabled architecture for scalability and flexibility
Cloud native solution
Powers P2P, P2M, and M2P payments and collections.

Key Capabilities

Single Mobile App for customers

Complete Dashboard to view balances.
Seamlessly transact across bank accounts.
Pay using VPA, QR Code, Account Transfer, Digital ID, or Mobile Number.
Request payments using Collect Transactions.
Dispute, Refund & Chargeback management.

Small & Medium Merchants

Standalone Merchant App (BQR based pay & collect, MVISA, MasterPass)
Web POS, Face-to-Face, POS.
Merchant Reconciliation, Settlements and Pay-outs.
Dispute, Refund & Chargeback management.

Large Merchants, Aggregators & Prepaid Wallets

Real-time collection request generation through web API’s/Mobile API’s/ Face to Face Payments.
Bank Mobile SDK bundled with Merchant App [Retail Chains].
Recurring and One-time Bulk collections (file Based) through bank channels [EMI collections, utility payments].
API Banking: Web APIs and SDK [Very Large merchants, Aggregators, Wallet Operators].
Merchant Reconciliation, Settlements and Pay-outs.
Dispute, Refund & Chargeback management.