Retail Payments

Secure Real-time Payment Solutions

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.

Real-Time Payments