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Mobile Payments

SBI partners Ezetap for mPOS deployment in India

Thursday 12 June 2014 | 10:46 AM CET

Financial institution State Bank of India (SBI) has selected Ezetap Mobile Solutions, an Indian mobile payments service provider, to deploy a mobile point-of-sale (mPOS) service in India.

The solution is set to be made available to customers of the bank and its associate banks across the country. State Bank of India plans to deploy 500,000 POS terminals within the next 5 years.

The Ezetap solution turns a merchant’s mobile device into a point-of-sale that is able to read any type of card and complete any type of financial transaction ranging from a credit card sale to a bill payment, to an ATM cash withdrawal or deposit. The Ezetap solution is comprised of a card reader, a configurable mobile application, and a platform that allows Ezetap to provide enhanced services and integrate to a merchant’s existing systems.

Ezetap was founded in 2011 and its solution turns any merchant’s mobile device into a point of sale that is able to read cards and complete a range of financial transactions, including credit card sale, bill payment and ATM cash withdrawals or deposits.

In recent news, Ezetap Mobile Solutions has acquired Clinknow, a provider of loyalty platform for retailers, for an undisclosed amount.

More: Link
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