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

| More

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

Posted On: 2023-09-21 20:56:49 (Time Zone: IST)


Cashfree Payments, India's leading payments and API banking company, has partnered with Shopify to launch onsite payments with cards for Indian merchants. With onsite payments, merchants can offer a seamless and swift checkout experience to customers by directly collecting payment information on their website, eliminating the need for redirection to a third-party page. This streamlined process reduces transaction time and minimises customer drop-offs, enhancing revenue and payment experience.

Previously, customers were required to leave the merchant's website and undergo an additional step to complete their payment, which delayed order completion and resulted in lower intent customers dropping off. Onsite payments alleviate multiple issues, enabling customers to complete their transactions directly on the merchant's website. This ensures a quicker, smoother, and more controlled checkout experience for all parties involved.

Onsite Payments on Shopify were initially exclusive to Shopify Stores in the US. However, with this partnership with Cashfree Payments, Indian merchants on Shopify will now have access to this essential functionality. Presently, the partnership enables customers to use credit and debit cards, with additional payment options to be added in the future.

Reeju Datta, Co-Founder, Cashfree Payments said, "We are delighted to partner with Shopify to introduce the onsite payment solution in India. Our integration enables Shopify merchants to offer a seamless checkout experience to their customers, resulting in higher conversion rates and increased customer satisfaction. The partnership between Cashfree Payments and Shopify demonstrates our mutual dedication to empowering India's burgeoning D2C and e-commerce ecosystem."

Bharati Balakrishnan, Country Head, Shopify SEA and India added, "Digital payments are an integral part of the eCommerce experience, and we are pleased to partner with Cashfree Payments to enhance our payments offering and improve outcomes for our merchants in India."

Onsite Payments on Shopify were initially exclusive to Shopify Stores in the US. However, with this partnership with Cashfree Payments, Indian merchants on Shopify will now have access to this essential functionality. Presently, the partnership enables customers to use credit and debit cards, with additional payment options to be added in the future.

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:

Aegon Life Acquired by Bandhan Financial Holdings

Kerala Technology Expo 2024 aims Kozhikode's rise as tier-2 IT hub

Vinfast Accelerates Into India: Groundbreaking ceremony marks a major milestone in its Global Expansion

SnowPure presents Cow Ghee made from 100% traceable milk

Goa Tourism's Participation at SATTE 2024 To Showcase Innovation in Regenerative Tourism

Center fresh introduces Lemon Honey flavor in mints with 60 mins Clean Breath

79% of Indians worry about Home Safety while on vacation

ReNew announces results for the Third Quarter and Nine Months of Fiscal Year 2024

AirAsia launches its signature Big Sale Campaign from INR0*base fare

Radisson Hotel Group strengthens footprint in Ayodhya with signing of 150-room Radisson Blu Hotel, Ayodhya

Mitsubishi partners with TVS Mobility to provide Integrated Vehicle Mobility solutions in India

International Conference on 'Advantage India Chemical Conclave 2024' to be organised on 23rd February 2024 Mumbai, India

Explurger Secures USD 4.5 Million in Series-A Funding Led by Affle

Blue Planet Boosts Circular Economy with a majority stake in Mahindra Waste to Energy

Tech-enabled pet care startup Supertails raised INR 125 crores in Series B funding

Inflection Point Ventures announces 14 exits from 2023 with IRR of 61%

Consumer Foods Brand 'Yu' raises INR 20 CR in Follow-on Series A Funding led by Ashish Kacholia and Asian Paints Promoter Group

EET Hydrogen to proceed into final negotiations with UK Government to develop low carbon hydrogen plant in Ellesmere

Essar Oil UK rebrands to EET Fuels

Tata Capital rolls out Education Loans, provides 100% financing of academics

Uber India is now Great Place To Work Certified

myBiz by MakeMyTrip announces partnership with Zoho

ReNew refinances US$ 325 Million debt three months ahead of maturity

ICAI Awards for Excellence in Financial Reporting 2022-23

JSW and Coolbrook ink strategic cooperation agreement for industrial electrification technology to drive decarbonisation

Plans for UK's largest hydrogen production hub given green light

Radisson Hotel Group announces the opening of Park Inn by Radisson Ayodhya

Godrej Interio targets 42% revenues from its Good & Green product portfolio in FY24

Essar selects final technology partner for Essar Oil UK's Industrial Carbon Capture facility, onboarding all key technology providers

Serentica Renewables Secures Groundbreaking ECB Financing Worth INR 3500 crores for 530 MW Round-the-Clock Renewable Project in India

NSE inaugurates Investors Service Centre in Madurai with SEBI & BSE

Chennai based Multispecialty Hospital Chain Medway Hospitals raises $5m in a financing round led by Kyra Ventures

Accor Strengthens its Portfolio in India with the Signing of Grand Mercure Jaipur Kukas

UPI for Secondary Market

Tata AIA Flexi Growth Fund NFO window to close on December 31, 2023

Hinduja Renewables wins 140 MW solar power project in GUVNL tender

NABARD Empowers Rural Artisans by Supporting their Participation in Mahalaxmi Saras 2023-24

Air India Express Announces Exciting Sale on Domestic and International Flights

Aavishkaar Capital invests $1.45 Million in Jumps Auto Industries

Essar selects technology partner for Essar Oil UK's Industrial Carbon Capture facility paving way to reduce CO2 emissions by 1 million tons

Waaree Energies, India's Largest Solar Manufacturer To Build 3-Gigawatt Module Manufacturing Facility in Texas and Signed a Landmark Multi-Year Offtake Agreement

The Leela Palaces, Hotels and Resorts wins Best Hotel Group in India

ASICS India on an expansion spree

Swiggy partners with Simpl, Now Bangalore customers can order with 1 Click

Essar Oil and Gas Exploration and Production Ltd signs MoU with IIT Bombay to collaborate for R&D

NSE Celebrates India's First Ever Listing on Social Stock Exchange Segment by SGBS Unnati Foundation

Essar signs 3 MoUs with Gujarat Govt totaling Rs 55,000 Crore in Energy Transition, Power, and Ports Sectors

Niva Bupa Health Insurance Introduces 'Aspire', a product for Young India

Enabling SMEs to run their business more professionally, Tally Solutions launches TallyPrime 4.0

Indian mutual fund industry registers 21% YoY growth in Assets under Management in November 2023


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

disclaimer copyright © 2005 - 2020