Rapid Pay
Curated by SignalMobile POS solutions enabling retailers to offer diverse financial services.
Overview
Rapid Pay focuses on mobile point-of-sale (POS) solutions, offering services that enable mobile devices to function as portable POS terminals. This functionality allows businesses to accept multiple payment methods, including magnetic stripe, EMV chip, and NFC-based transactions, which may enhance operational flexibility across various environments. The company targets retailers and distributors, providing a platform that allows retailers to offer digital banking and financial services, potentially generating additional income. Distributors may receive recurring revenue from transactions conducted by onboarded retailers. The platform features instant settlement systems without merchant discount rate (MDR) charges, and includes services such as mini ATMs, Aadhaar banking, and insurance, which aim to meet the demand for accessible financial services in retail contexts.
Key facts
- Founded
- 2020
- Headquarters
- India
- Stage
- Sign up to view
- Industry
- Financial Technology
- Sector
- Payments
Business model
- GTM channel
- Sign up to view
