Mswipe and Visa partner MYPINPAD to exploit secure personal authentication solutions

The global impact of the COVID-19 pandemic has fuelled the need for contactless transactions. Amid this, secure personal authentication solutions provider MYPINPAD has signed strategic partnerships with mobile POS merchant acquirer and network provider Mswipe and the world’s leader in digital payments, Visa, to propel contactless payments in India.

MYPINPAD recently claimed that it became the first, and currently, the only company in the world to achieve Payment Card Industry (PCI) Security Standards Council (SSC) certification for its software-only Contactless Payments on Commercial off-the-shelf (CPoC) solution.

According to CEO of MYPINPAD, Colin Greene, MYPINPAD makes it easy and affordable for merchants to become a part of digital acceptance and the payments ecosystem. "Mswipe has spearheaded technology innovation in digital acceptance and payments for small and medium businesses in India. This important milestone, following our recent world-first PCI SSC CPoC certification, is another huge step for the industry in simplifying digital acceptance for the smallest of businesses to the larger retailers.”

Commenting on this partnership, CEO of Mswipe, Manish Patel, said, “What we plan to achieve alongside MYPINPAD will be incredibly significant for consumers, merchants, and India in its entirety. The company’s technology will enable true democratization of payments and accelerate the contactless revolution in India, which will result in huge socio-economic benefits. We look forward to deploying the solution, and where the partnership will take us in the future.”

Shailesh Paul, Head, Merchant Sales & Acquiring and Cybersource, India & South Asia, Visa said, “Consumer preference for tap to pay or contactless payments offers a transformational opportunity for our collaboration with MYPINPAD and Mswipe. By empowering small merchants to use their mobile phones to accept tap to pay digital payments and without the need to invest in a standalone terminal, this solution should truly help propel digital payments far and wide across India.”