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Mahindra Comviva unveils payPLUSAadhaar Pay merchant payment acceptance solution

Mahindra Comviva has announced the launch of payPLUSAadhaar Pay that leverages India Stack for merchant payments. payPLUSAadhaar Pay simplifies digital payments by using Aadhaar number and linked biometric credentials to facilitate merchant onboarding and payments. payPLUSAadhaar Pay provides a merchant acceptance solution designed for rural India, taking into account the specific challenges faced by consumers and merchants in such demographic segments.


payPLUSAadhaar Pay takes a holistic view of the rural payments segment by providing Aadhaar-enabled platform for onboarding rural merchants. It leverages India Stack APIs to allow quick and paperless merchant onboarding with Aadhaar and eKYC. It also allows rural customers to pay using their bank account linked with Aadhaar. In order to process payments, the customers provide their Aadhaar number to the merchant and authorize payment through their fingerprint. The solution requires a biometric device to be linked to merchant’s mobile phone for payment authentication. However, customers do not need the phone at all.


payPLUSAadhaar Pay is a cloud-based offering which empowers banks to launch a digital initiative at a low CAPEX and scale easily. It makes it extremely attractive for banks with the cost of transaction pegged at 5% of the alternative solutions like USSD and IVR.


Srinivas Nidugondi, SVP & Head, Mobile Financial Solutions, Mahindra Comviva, said, “India’s digital payment initiative has the potential to bring massive social and economic transformation by formalizing the rural economy, which will not only help to bring the financially excluded into the mainstream economy but also help in generating new jobs and opportunities. However, we believe that the success of the Digital India initiative would depend on the right ecosystem enablers being in place. We are very excited at the launch of payPLUSAadhaar Pay because it has the potential to take the digital payments initiative to every village in India.”


Mahindra Comviva’s payPLUS empowers bank’s or acquirer’s merchant partners with a unified payment acceptance platform that enables the acceptance of any payment instrument such as Cards, Digital Wallets, UPI and mVisa across channels such as In-Store, App and Web, thereby significantly reducing the barriers to adoption of these new technologies. payPLUS offers a unified interface for merchants and acquiring entities to manage all instruments, channels and technologies through a single interface right from a mobile POS to new-age wallets and the recent UPI and mVisa. payPLUS is geared to extract the most out of the recent policy changes with its merchant self-onboarding functionality which significantly lowers the onboarding cost and allows the merchant to start accepting payments by downloading the app.