Technology alliance will empower customers to pay EMIs on time
- Comprehensive Multi-mode payment platform with payments anytime and from anywhere
- Interoperable with 185+ payment modes enabled for Tatasky customers
- Custom integration to ensure faster ‘Go to Market’ strategy
- Best in class payment success ratio to deliver ultimate payment experience
- Dedicated service support for resolutions with best in class turnaround time
Mumbai, 5th October, 2016: Muthoot Finance, India’s largest gold finance company and TechProcess Payment Services, India’s leading electronic payments company announced an alliance whereby customers of Muthoot Finance will be able to repay EMIs over a convenient next generation digital platform powered by TechProcess.
The tie-up will further enable Muthoot Finance to streamline its loan collection process and thereby assist the company in enhancing business excellence quotient. It will also help the company safeguard against potential revenue leakage threats.
On this new technology partnership, Mr. K R Bijimon, Chief General Manager of Muthoot Finance Ltd, said, “Tech Process’ Next Gen Digital Payments Platform is yet another initiative of the company to enhance our customers’ experience who are already using our WebPay platform for payment of interest and principal. This next generation digital multi-mode payment platform Paynimo is interoperable with more than 185+payment modes and is compatible with online and mobile channels. With this first of its kind tie up by any NBFC, Muthoot Finance Limited demonstrates its commitment to implement technology up gradations for the benefit of our customers who can pay their interest and principal dues on line at their own convenience even on holidays without visiting the branches.”
TechProcess’ Next Gen Digital Payments Platform is a comprehensive multi-mode payment platform which brings the choice in the palms of consumers. It is interoperable with more than 185+payment modes including credit and debit card, net-banking e-wallets and the likes. The platform is a single integration omni-channel payment solution compatible with online and mobile channels.
On the business association with Muthoot Finance, Mr. Kumar Karpe, CEO, TechProcess Payment Services Ltd said, “Our next generation digital payment platform Paynimo is precisely conceptualized to act as an enabler of convenience and innovation for an enhanced end-user experience. We are confident that our alliance with Muthoot Finance will usher in a new industry benchmark on customer-centric focus.”
TechProcess’ Paynimo platform will allow Muthoot Finance to achieve business objectives pertaining to better success rate, ability to process large number transactions, reconciliation, service support and competitive commercials.
About Muthoot Finance
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a “Systemically Important Non-deposit taking NBFC” headquartered in the southern Indian state of Kerala. Operating history of Muthoot Finance has evolved over a period of 129 years since M George Muthoot (the father of our Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.
The company provides personal loans secured by gold jewelry, or Gold Loans, primarily to individuals who possess gold jewelry but could not access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.
Company is listed on both National Stock Exchange and Bombay Stock Exchange.
About TechProcess Payment Services Ltd.
TechProcess Payment Services Ltd. has been pioneering electronic payments in India since 2000 by setting up BillJunction.com – India’s first electronic bill presentment and payment service. TechProcess has been building, managing and servicing the e-payments ecosystem through its innovative cloud based payment platforms which have been adopted by leading brands. The service offerings cover the entire gamut of non-cash modes of electronic payments such as card payments, Net-banking, NACH, NEFT/RTGS, IMPS, e-wallets and the like. For more information, please visit www.techprocess.co.in