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
Real-Time Payments
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