Paynimo, a digital payment platform by Techprocess announces its tie-up with NumberMall, a rural e-commerce company based out of Hyderabad. It was started with a vision to be India’s largest rural retail tech company by serving 70% of India’s rural population needs by tech-enabling the 1.5 million kirana shops to reach 833 million rural consumers in India’s 650,000 villages.
NumberMall offers a wide range of products and services in wholesale and retail segments on its market place which includes electronics, kitchen appliances, home & furnishing, beauty & personal care, bill payments etc., to name a few.
TechProcess’ payment solution Paynimo will enable Number Mall’s online payment transactions. The seamless integration will enable users to use different modes of payments to make payments spontaneously.
Commenting on the partnership Mr. Kiran Gali, CEO, NumberMall said, “Our partnership with TechProcess has been a game changer in unlocking the 70% of rural market in India. Today, almost 60% of our customers are transacting cashless through TechProcess.”
With 30,000 kirana shops across the country, NumberMall and TechProcess are enabling kirana shops to accept cashless payments. NumberMall connects the kirana shops to the manufacturers and brand owners directly by eliminating the middle man. With a growth of 45% month on month, NumberMall is disrupting the traditional distribution system in a most effective way with its technology at a fast pace.
Mr. Kumar Karpe, CEO, TechProcess Payment Services said, “Our platform will provide multiple payment options along with a smooth user interface and experience to all NumberMall users. The recent demonetization move has put impetus on transforming the country towards becoming a cashless economy. Through Paynimo, kinara stores will be able to opt for cashless transactions via NumberMall thereby providing ease of payments to consumers for their local grocery needs.”
Paynimo is interoperable with more than 185+ payment modes, including credit and debit cards, net-banking, e-wallets and the likes. The platform is a single integration omni-channel payment solution compatible with online and mobile channels.