Technology alliance will empower customers to pay EMIs on time

Key Features

• 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

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Aims to target a GTV of Rs.500 crore and 2000 merchants by FY17

Key Highlights

• Company processed a Gross Transaction Value of 140 cr. in the education sector in FY16
• Introduces a customized platform FeesJunction that will empower schools and universities to manage fee collections online
• Other Acquisition Strategies through tie-ups and alliances with leading banks and third-party aggregators

Mumbai, June 22, 2016 – TechProcess Payments, India’s leading electronic payments company, has achieved a significant penetration in the education sector. It has processed approximately Rs. 140 crore in Gross Transaction Value and increased the number of education institutes in its portfolio phenomenally in FY16. This significant achievement is a result of its pioneering next-generation state-of-the-art payment processing platform – ‘Feesjunction’ that enables schools and universities which have archaic, spreadsheet or even paper based systems to manage their fee collection online.

Currently, the education sector is pegged at US$ 100 billion (INR 6.7 lakh crore). It is poised to witness major growth in the years to come as India will have the world’s largest tertiary-age population and second largest graduate talent pipeline globally by the end of 2020.

With increased impetus of the Government on the education sector and it’s initiatives like ‘Digital India’ will drive the focus of educational institutes to develop digital infrastructure. In this scenario, schools and universities are likely to invest in digital payment platforms to manage high enrolments and expansion plans.

Mr. Kumar Karpe, CEO, TechProcess said, “With a strong focus to resolve payment issues in the education sector, we are happy to play a catalytic role in building a digital ecosystem for the industry by moving its payments from largely cash to digital. FeesJunction, has been launched with an aim to provide a secure and robust payment interface that facilitates education institutes with quick realization of fee collection and efficient payment modes. With our legacy and reputation for seamless transaction processing, we are expecting acquisition of around 2000 educational institutes with a gross transaction value of INR 500 crore and a growth of more than 200% in FY17.”

TechProcess created Feesjunction to enable educational institutions to offer parents and students more than 185 payment modes of paying fees and other school or university charges anytime, anywhere. It empowers education institutes with quick realization and efficient payment modes with the help of customized online form for parents / students to enter details and make payments directly.

Some of the leading and renowned educational institutes and organizations that rely on the payment solutions offered by TechProcess’ include: Birla Institute of Technology and Science (Bits Pilani), Amity University & Schools, Lovely Professional University, IIT in North, SRM University, VIT University, Banasthali University, Welingkar Institute, , DY Patil University and SP Jain Institute of Management and Research and many more

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.

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India, 6th June, 2016: Herman Miller India, subsidiary of Herman Miller Inc., U.S headquartered innovator in contemporary office furnishings and solutions has recently partnered with TechProcess Payment Services for powering its Indian arm with the Next Gen Digital Payments Platform. This payment processing engine will empower multi-mode online and mobile payments for Herman Miller India and will provide convenient and safe digital payment solutions for its consumers.

The Next Gen Digital Payments Platform is a comprehensive multi-mode payment platform which brings the choice in the palms of consumers of paying bills anytime, anywhere. 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.

“Herman Miller places great importance on design, the environment, community service, and the health and well-being of our customers and our employees. Herman Miller works for a better world around you – with inventive designs, technologies, and related services that improve the human experience wherever people work, heal, learn, and live.. Our latest initiative with TechProcess is one such endeavour reflecting strong customer-centric focus. This platform will help an Indian consumer to make payments in the most convenient mode possible”, said a Herman Miller India spokesperson.

Mr. Kumar Karpe, CEO, TechProcess said, “Our Next Generation Payment Platform intends to expand the e-commerce platform for Herman Miller India. The frictionless interface offers multiple modes of payments. We are confident that this innovative platform will enhance experience and productivity, in this way improving the end-client experience for Herman Miller India customers.”

The Next Gen Digital Payments platform is built on 15 years legacy of TechProcess for customized payment solutions and provides simple, safe, secure and more than 170+ convenient payment options.  It has features such as Single API integration for fastest go to market, best payment UI and UX, Quick & efficient initiation and settlement of refunds, best in class risk mitigation and fraud detection tools, Intellegent auto switching and dynamic routing thereby ensuring best in class success rates. The platform also provides dedicated service and support for quick solutions.

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

About Herman Miller

Herman Miller is a recognised innovator in contemporary office furnishings, solutions for healthcare environments and related technologies and services. A publicly traded company headquartered in Zeeland, Michigan, we have manufacturing facilities in the United States, China, Italy and the United Kingdom and sales offices, dealers, licensees and customers in over 100 countries.

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