Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Industry News

| More

Cashfree Payments partners with NPCI to launch 'AutoPay on QR' for subscription-based businesses

Posted On: 2023-09-12 18:50:19 (Time Zone: IST)


Cashfree Payments, a leading payments and API banking solutions company, has announced the launch of 'AutoPay on QR' in collaboration with National Payments Corporation of India (NPCI). The solution enables subscription-based businesses to enhance customer acquisition, supporting retention, and facilitating rapid growth.

Cashfree Payments' 'AutoPay on QR' helps subscription-based businesses to boost return on investment (ROI) on ad spends by enabling mandate creation in two clicks. Subscription-based businesses can seamlessly integrate their subscription QR codes into various marketing channels, including online ads, newspapers, websites, TV, and product packaging, enhancing the value derived from promotional campaigns.

For example, to subscribe to an investment, content publishing or OTT platform today, customers need to first download the app, set up an account, choose the plan, proceed with the payment service provider (PSP) app of choice and then access the subscription, resulting in poor onboarding experience. Cashfree Payments' 'Autopay on QR' transforms the customer onboarding process into a swift two-step workflow, which includes scanning the QR code and approving an e-mandate via UPI apps within 30 seconds. This eliminates the necessity to download an app or register on the website and directly activates a unique subscription for each customer. Cashfree Payments' 'AutoPay on QR' is designed to turn one-time customers into paying subscribers, swiftly, seamlessly and securely.

Commenting on the launch of the product, Akash Sinha, CEO & Co-founder, Cashfree Payments said, "We are excited to partner with NPCI and launch 'AutoPay on QR', which empowers businesses to offer an elevated experience during the subscription activation process, while taking greater control of their business' growth journey. This will help the merchants convert their users into lifetime customers by making it easier for users to pay. Our commitment remains centered on addressing the needs of businesses, driving the development of innovative and efficient solutions that enhance their operational effectiveness, and foster rapid growth."

With over 50% market share among payment processors, Cashfree Payments today leads the way in bulk disbursals in India with its Payouts and is also among the leading online payment aggregators. India's largest lender, SBI invested in Cashfree Payments underscoring the company's role in building a robust payments ecosystem. Cashfree Payments works closely with all leading banks to build the core payments and banking infrastructure that powers the company's products. Cashfree Payments is also integrated with major platforms such as Shopify, Wix, PayPal, Amazon Pay, Paytm, and Google Pay. Apart from India, Cashfree Payments products are used in eight other countries including the USA, Canada, and UAE.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Cinépolis India bags two Prestigious Awards at MAPIC India 2023

Verizon India in association with Adyar Cancer Institute inaugurates Linear Accelerator radiotherapy equipment for cancer patients

Volvo and Danfoss introduce e-truck fleet

Cashfree Payments partners with Shopify to launch onsite payments for Indian merchants

Triton EV to launch 3.5T EV Pickup Trucks for Indian and Middle East Market

Bring Home a Cinematic Experience with Portronics Beem 420 Multimedia Projector

Leading Corporate Travel Platform myBiz by MakeMyTrip partners with Darwinbox

WiseX and Integrow Asset Management launch India's first Real Estate PMS

Cashfree Payments launches one-step UPI payment solution for mobile-first businesses

Blue Planet Asia empties the largest landfill in India

Lectrix EV sparks a revolution with 12,000 bookings of the new e-scooters LXS G 2.0 and LXS G 3.0

Pramerica Life Insurance launches a new age ULIP solution tailored for new generation's financial ambitions

G20 Sidelines: Saudi Arabia displays Vision 2030, hosts 'Media Oasis' in Delhi

Danfoss continues its India Business Footprint Expansion with New Distribution Center Inauguration

NABARD celebrates ideas for a sustainable agri-landscape with National AgriFunds Hackathon 2023

Air India Express unveils vision and differentiators, charting the path ahead in the run up to its brand launch

Keppel and DBS Bank sign MOU to scale up sustainable urban development and digitalisation solutions in Asia

Grip Secures SEBI's Online Bond Platform Provider Licence from NSE

Chavda Infra continues to capitalise upon TRI-City presence, wins prestigious orders worth Rs 165 crore

Vivriti Capital Limited NCD Issue opens Tomorrow, Friday, August 18, 2023

ESAF Small Finance Bank records a net profit of Rs. 129.96 crores in the first quarter of FY 23-24

Vivriti Capital Ltd Q1 FY2024 PAT higher at Rs. 51.86 crores

Essar Oil & Gas Exploration & Production achieves highest fiscal revenue

2.5 million cars: Renault Nissan Automotive India crosses momentous manufacturing milestone

Essar Oil UK to expand fuel distribution into South East following agreement with Oikos Storage

Expenses on IPOs be given input credit in GST, ASSOCHAM says ahead of GST Council meet

Drone Manufacturer InsideFPV raises 2.75 Crores in a Seed Round led by Inflection Point Ventures

Education Financing startup Propelld gets NBFC license from RBI

Anand Rathi Advisors acts as exclusive financial advisor to Green Gold Animation

DBS Bank India appoints Rajat Verma as Managing Director and Head of Institutional Banking

Cashfree Payments launches CVV-free card payments on all major card networks for businesses

Cinepolis India Introduces Three New Flavours of Summer Cooler Beverages

NSE signs MoU with Government of Maharashtra and Moneybee Institute

MakeMyTrip launches industry-first, bundled offering for Indian Students traveling abroad

Shriram life launches golden jubilee plan with life goal & legacy options

Skechers Breaks New Ground, Secures Spot on the Coveted Fortune 500 List at #488

Nissan Magnite achieves 100,000 production milestone

ESAF Small Finance Bank opens a zonal office in New Delhi

Radisson Hotel Group advances on its 2023 expansion plans with 11 new hotel signings in India

Nissan Motor India registers wholesales of 4631 units in May 2023

DBS Bank India launches its first, invite-only credit card for premium consumers

Demand for Skilled Talent Continues: 33% rise in Companies Hiring from Simplilearn's SimpliRecruit

Capri Loans Acquires 51% Stake in CarLelo Paving the Way for Digital Transformation in the Indian Automotive Market

TVS Capital Funds elevates Gaurav Sekhri to Partner

NSE launches WTI Crude Oil and Natural Gas futures contracts

ESAF Bank Net Profit Soars 452%, Reaches an all-time high

TVS Credit grows their Assets Under Management to Rs.20,602 Crores in FY23

GreenLine contributes to ESG missions of JK Lakshmi Cement, Dalmia Cement & UltraTech Cement

Tata Capital and MoEngage Collaborate to Enhance Personalized Customer Experiences

Leading Digital lending platform LoanTap partners with Big Basket's HoReCa to launch financing Solutions


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020