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Universal Payment Acceptance

Payments pivot prospect to customer. With the proliferation of digital and mobile channels of interaction, customers are accelerating towards newer payment methods like Wallets and UPI faster than ever, challenging businesses to keep up with newer modes of payment acceptance. Universal Payment Acceptance enables businesses to offer a single and consistent payment experience to their customers regardless of location, payment instrument or mode. No matter where the much anticipated “WhatsApp moment” of the Indian financial industry happens – from the transition of cash usage to cards and mobile wallets or directly to UPI, Universal Payment Acceptance with it’s strong benefits assures businesses that they are poised to harness the opportunities in the wake of this dramatic transformation.
Universal Payment Acceptance – Use case illustrations:

Mr. Abhishek is a mobile life insurance agent of company A. He can only accept cheques from customers. Many of his customers do not have a cheque ready at the time of renewal. This delays his ability to close the deal, risking his business to competitors. Is there a solution to solve this?

Ms. Kalyani is the Chief Operations Officer of a large e-commerce brand. She finds that the average agent visits per delivery are going up as the person responsible for payments is usually not at home when a package is received. Is there a solution to this payment on delivery problem?

Mr. Prasanna is CEO of a large youth apparel brand. He recognizes that his customers want to pay with their mobile wallets. With multiple wallets and UPI coming up, he wants to use this opportunity to offer a better customer experience. Is there a solution to solve this?

Benefits of Universal Payment Acceptance

1. Consistent payment experience agnostic to payment instrument
2. No hassle payment management
3. Scalable and future-proof payment infrastructure
4. Elevates payments process from passive transaction to active participatory event
5. Highly modular payments platform
6. Deep integration with your CRM resulting in one view of the customer
7. Higher sales force productivity
8. Better cost efficiency with optimal cash management
To know Universal Payment Acceptance in greater detail, please click to download the PDF version of document

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