Bijlipay mPOS: Bringing European Technology to Indian Merchants for Uninterrupted Digital Payment

Date:   Thursday , December 15, 2016

Hit by demonetization, even the small grocery shops are moving towards digital payment. Chennai based Saravana Store is one of them that mostly has young IT professionals as its clients who prefer to pay by card for all their grocery purchases. But when it came to bottled water bills, the customers didn\'t have enough cash in hand to settle the bills on delivery. This is when store\'s owner Senthil Kumar was suggested by his friends to opt for a POS solution, and eventually the hunt for the best suited solution brought him to Bijlipay\'s mPOS (mobile point-of-sale), which offers merchant on-boarding and enablement of accepting cards within few seconds, unlike other providers who take a week\'s time to complete the procedures and enable merchants to accept cards. mPOS - a compact handheld device that can be paired with smartphone using Bluetooth, helped Senthil instantly offer the convenience and security of card payments. Implementing this low-cost device, he soon saw his average sales increase by 19 percent and great improvement in cash flow as he didn\'t lose time collecting money owed. Sales volume grew too as shoppers increased their basket size in the knowledge that they could pay by card.

Quick On-boarding of Merchants

So, how does Bijlipay mPOS enable merchants to accept digital payment within few seconds? Credit goes to Bijlipay\'s automated onboarding platform - Automatic Merchant Onboarding System (AMS), which instantly enables any merchant to accept cards the moment he submits the required documents. When this exclusive & surprising reduction in process-delay comes to play, in addition to the affordability, small-size & portability, NFC enabled device, and industry best battery life, Bijlipay mPOS becomes an ideal catch for all the merchants who look for card swiping machines at the earliest due to demonetization and the payment troubles it brought in. With comparatively larger battery size and automatic standby mode enablement, the mPOS device bestows much larger number of transactions than any other device.

Being a Secure Solution

Anything digital always had hackers as one of its bigger concerns who have never spared the space over the years. Even the recent months saw Russian cybercriminals challenging the security of POS machines by breaching into more than 330,000 machines across the globe. But for Bijlipay mPOS, security is the supreme feature. Powered by the technology of Europe\'s leading payments company, Bijlipay\'s mPOS device is PCI & EMV compliant and employs the strongest encryption algorithms. The device has a unique intelligence of Automatic \'SafeShield\' using which it senses any forced intrusion through excessive temperature, charge or pressure, and locks the device, thereby safeguarding the device from any misuse. Also, Bijlipay device ID is uniquely paired with specific customer\'s credentials and hence it becomes impossible to initiate transactions from unauthorized sources.

Going a step further, Bijlipay offers a CRM dashboard to merchants that helps them track transactions in real time and will be capable of linking the soon to launch Bijlipay\'s online payment gateway. The unique capability of mPOS to merge online and offline payments provide merchants not only an Omni-channel experience, but also Management Information System (MIS), Analytics and much more. \"Our platform is automatically ready for Omni-channel experience and we are going to launch our online payment gateway soon, which will allow merchants to offer a seamless payment experience both in the physical and online world ,\" asserts Eniyan Narayanaswamy, Chief Product Officer, Bijlipay.

Future Looking & Comprehensive Solutions

Currently serving financial institutions and merchants through innovative payment solutions, Bijlipay was established in 2014, as a go-to-market brand of Skilworth Technologies Pvt. Ltd. - a 2012 born organization. Being a one-stop-shop for all the payment needs of a merchant, be it offline/online payments or custom apps - Bijlipay offers a wide range of solutions like Swipe4Cash Mini ATM and DIGITAL POS which enable a plethora of payment acceptance methods.

Bijlipay has grown as a recognized young Fintech startup comprising of a strong 100+ team spread across all major metros. \"Our leadership team has over 50 years of rich experience in payments space and we take pride in being a thought leader in the industry,\" adds Eniyan. As the company likes to see the future through its employees, it has implemented an employee friendly work culture with open door policy and flat organizational structure. It also does daily, weekly & monthly reviews and discussions on in-house progress & challenges. Putting steps ahead, Bijlipay is all set to launch a couple of innovative products and make new banking alliances & some really big corporate tie-ups. However, the demonetization has given a new direction to digital transactions in our country, and this is exactly where Bijlipay is hand crafting its future. \"We have immense potential & ambition to become one of the top three payment solution companies in India,\" concludes Eniyan.

Key Management:

Pradeep Oommen, CEO
With over 15 years of experience in the Banking and Technology space, Pradeep has worked across geographies, building and leading teams while experimenting with the digital platforms.

Eniyan Narayanaswamy, Chief Product Officer
A technocrat at heart, Eniyan carries over 10 years of experience in the field of Payments Product & Technology.

Offices: Chennai (Headquarter), New Delhi, Mumbai, Kolkata, Hyderabad, Bengaluru and Coimbatore