India based multinational information company Tata Consultancy Services (TCS) has introduced 'Merchant Pay' to assist retailers flawlessly integrate payments crossways numerous channels like Aadhaar, credit and debit card as well as phone-based expenses from side to side a single interface. The all new feature 'Merchant Pay' will let customers to carry out by using fingerprint and corroborate uniqueness at stores that are facilitated with this platform, TCS said at a statement.
"The Merchant Pay platform will effectively integrate with various banks to provide multiple-mode payment options to suit one's own business model and provide a unified view of all payments," it added.
Furthermore, it is said that it will also serve up as a business analytics platform for the strategic business decision making to lessen the cost of payment. The solution will make easy advanced analytical data by contributing logical report based on transaction outline analysis. Additionally, TCS has worked with the government to develop the payment acceptance using Aadhaar.
"With numerous digital payment methods like UPI, eWallets, Aadhaar Pay, Debit and Credit cards available, there was a need for a unified platform that integrates all digital payment methods offering convenience to customers and also allowing merchants to accept any form of digital payment," TCS President Growth Markets Ravi Viswanathan said.
Well, also TCS will hold particular drives to on-board and train merchants and have a 24x7 professional sustain set-up for merchants, to make sure faultless alteration of this cloud hosting solution.