Tata Consultancy Services (TCS) announced the launch of ‘Merchant Pay’ a unified transaction solution for retail organizations to integrate payments across multiple payment channels such as Aadhar, Credit or Debit card or even phone-based payments through a single interface. TCS has worked with the government to develop the payment acceptance using Aadhaar.
For the consumer, ‘Merchant Pay’ will be offer a seamless experience as they will be able to transact at a Merchant Pay-enabled store merely by using their fingerprint to confirm their identity.
The company said it will also serve as a business analytics platform for strategic business decision making to reduce cost of payment. The platform will facilitate advanced analytical data by offering analytical report based on transaction pattern analysis.
For the consumer, ‘Merchant Pay’ will be offer a seamless experience as they will be able to transact at a Merchant Pay-enabled store merely by using their fingerprint to confirm their identity.
The company said it will also serve as a business analytics platform for strategic business decision making to reduce cost of payment. The platform will facilitate advanced analytical data by offering analytical report based on transaction pattern analysis.
TCS also said it will conduct special drives to on-board and train merchants and have a 24x7 professional support set-up for merchants. It will help in addressing critical business needs of merchants such as services for acquiring, onboarding and training merchants, cloud hosting services, 24x7 network support as well as multi-lingual help desk support."We are proud to innovate for India’s digital transformation. TCS worked with the Government to pioneer a simple payment acceptance using Aadhar," - Ravi Viswanathan (President Growth Markets at TCS)
