Psych X86

Mswipe

An efficient and secured payment interface for SMEs

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We are driven by purpose, powered by expertise.

About the customer

Ecosystem to simplify payments on POS

Mswipe is India's most successful fintech company providing POS solutions for all types of payment acceptance - cards, wallets, mobile payment apps and bank apps, contactless and QR payments.

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Challenges

Turning challenges into opportunities

The challenges included designing a scalable and reliable system to handle high transaction volumes while integrating seamlessly with large-scale merchant and NBFC systems. Additionally, it was crucial to ensure robust security to protect sensitive financial data and to adhere to stringent regulatory compliance standards, all while maintaining system performance and accessibility.

  • 01 Mswipe M-Card's ecosystem enables Non-Banking Financial Companies (NBFCs) to enter the Point-of-Sale (POS) market, presenting a significant new business opportunity.
  • 02 By leveraging Mswipe's technology, NBFCs can provide payment solutions that include the issuance of semi-loop and EMI cards.
  • 03 This strategic integration not only enhances their service offerings but also enables them to effectively reach and serve a broader customer base.
Psych X86
Psych X86

Solution

Seamless integration and customization

The integration of semi-closed-loop, EMI cards and cashback functionalities into the platform was successfully achieved, meeting all technical and regulatory requirements.

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Seamless integration and customization

Started with developing a flexible integration framework to work with various card partners which allows NBFCs to use their specific branding and operational requirements. This ensured smooth connectivity and compatibility with their respective systems.

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    Enhanced security measures

    We implemented end-to-end encryption to protect transaction data, ensuring that sensitive information was securely encrypted and safeguarded from unwanted access. At the same time, Vulnerability Assessment and Penetration Testing (VAPT) and Cyber Security Assessment Tool (CSAT) were part of the scope to address potential vulnerability and security risks.

    Compliance and API management

    Ensured compliance with RBI guidelines by integrating essential features for EMI payments and cashback processing, while enforcing penalties for non-payments to promote timely repayments and financial discipline. The APIs were securely exposed with detailed documentation, for swift integration with card issuers and third-party services.

    Image 3

    Scroll

    Seamless integration and customization

    Started with developing a flexible integration framework to work with various card partners which allows NBFCs to use their specific branding and operational requirements. This ensured smooth connectivity and compatibility with their respective systems.

      Psych X86
      Psych X86

      Enhanced security measures

      We implemented end-to-end encryption to protect transaction data, ensuring that sensitive information was securely encrypted and safeguarded from unwanted access. At the same time, Vulnerability Assessment and Penetration Testing (VAPT) and Cyber Security Assessment Tool (CSAT) were part of the scope to address potential vulnerability and security risks.

      Compliance and API management

      Ensured compliance with RBI guidelines by integrating essential features for EMI payments and cashback processing, while enforcing penalties for non-payments to promote timely repayments and financial discipline. The APIs were securely exposed with detailed documentation, for swift integration with card issuers and third-party services.

      Psych X86
      Psych X86
      Psych X86
      Psych X86

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