Payubiz Redefines Mobile Payments Forever, Launches ‘One Tap’ Technology
Creates history by unveiling a technological breakthrough to simplify online payments
New Delhi, December 9, 2015: – Revolutionizing the way mobile payments are made, India’s leading payments organization PayUbiz has unveiled a cutting edge technology called ‘one tap’ – the inevitable future. The first of its kind technological breakthrough marks a new milestone and aims at changing the mobile payments industry forever. The integration of this unique tech innovation by merchants will drastically enhance the mobile shopping experience of an Indian shopper. The One Tap Technology enables all mobile payments being made through debit or credit card to happen by just tapping ‘once’ on to the screen.
The PCI-DSS complaint and patent pending ‘one tap technology’ is a combination of 4 different tech innovations that together provide a seamless online payments experience to the users. The store card feature that starts the seamless payment journey, ensures that the consumers don’t have to go through the pain of putting in the 16 digit card number repeatedly. The first factor authentication of putting the CVV each time while making an online payment is dispelled by the No-CVV feature. Furthermore the second factor authentication of OTP, gets auto read and submitted leading to the completion of a seamless one tap payment experience. However, the magic continues even when there is a network issue and the magic retry feature picks up the transaction from the point where it stopped. With this launch, PayUbiz asserts its supremacy in the payment industry in India and its innovative streak when it comes to unleashing new trends in the market.
Elaborating on the feature, Mr. Rahul Kothari, Business Head, PayUbiz commented, “We are absolutely delighted to be the first to introduce OneTap technology. This is set to disrupt the way mobile payments are made in India. With this technology, ecommerce companies will be able to deliver absolute customer delight through faster and hassle free payments experience with just one tap. This is one in series of innovations we are going to deliver that will change the way consumers make payments online. Consumers can presently experience this technology on apps such as PayUmoney and Twigly. We are working with other partner ecommerce companies to get this live as soon as possible on their platforms. Some of the other apps where users will experience it in next few weeks are Peppertap, Redbus, Goibibo, Grofers, Big basket, Just dial, xiaomi, Musafir and nearbuy.”
With an expansive portfolio, PayUbiz services over 80 of the top 100 e-commerce companies in India. Its clientele enlists names like Goibibo, Snapdeal, Bookmyshow, yatra, makemytrip, myntra, redbus, jabong, zomato and many more. It has been serving a wide range of customers with its largest collection of payment methods like Credit cards, debit cards, net banking, EMIs, international payments and multi-currency gateway, cash cards and wallets, PayUmoney wallet, Standing instructions and IVR. Furthermore, these payment methods offer best conversion rates as high as 12% as compared to competitors. With a global presence in 18 countries, PayU is led by a strong team of fresh and innovative thinkers and thought leaders spearheading its operations. Backed by excellent customer and merchant support, it has already emerged as the best PG aggregator for mobile payments and continues to enjoy its position as a frontrunner in the online payments space based on a clear business strategy and great value offerings.