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Innoviti Payments Invests Crores For Developing Tech Solutions For PoS Terminals

6Jul By Gauri SinghNo Comments

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Innoviti Payments Invests Crores For Developing Tech Solutions For PoS Terminals

The Bengaluru-based digital payments company Innoviti Payments has invested Rs 20 crores for the development of new technology solutions for its point of sales (PoS) terminals business. The company has made this move to make it easier to convert purchases into monthly instalments. It has designated funds amounting to Rs 10 crore for the promotion of this product. The option of EMI (equated monthly instalments) is quite common these days, the company has also stepped up and launched EMI Next. This product allows the merchants, brands and lenders to design specific and flexible EMI products for consumers to fit their requirements. “EMI has been the most popular mode of transaction for consumer durable segment, but with our new advancement we will be taking it t...

Watch out for Samsung Carnival on Amazon : Up to Rs. 5,000 off and Lot More

The largest online retailer Amazon has yet again started its huge sale days with Samsung for all the Samsung lovers in India. The e-tailer will be offering discounts up to Rs. 5000 on Samsung smartphones, watches and accessories during the four-day sale period starting from today (28th – 31st May). The various blockbuster offers being provided by the e-commerce giant are: 1. Samsung Galaxy On7 Prime - This handset is now available at flat Rs 2,000 discount. The original price of the phone is Rs. 14,990 which can now be purchased at Rs. 12,990. Also, Reliance Jio is giving additional cashback of Rs 2,000 with this smartphone and there is an exchange offer of Rs 11,522. There is also an EMI option starting at Rs 681 per month. 2. Samsung Galaxy On7 Pro - This poc...

Fintech Firm LoanTap Raises $3 mn From HNIs

Fintech platform LoanTap today said it has secured USD 3 million in a first strategic round of funding (Series A) from high net worth individuals (HNIs) Abhishek Pandey and Jaysukh Sapra. LoanTap said nearly 85 per cent of the funding, which was led by Mumbai-based HNIs, will be used for onward lending by the platform, while a part of the remaining capital will also be used to augment its technology and distribution frameworks. Further, LoanTap will be leveraging the raised capital to expand its operations in NCR, Mumbai Metropolitan Region, Pune and Bangalore, it said. LoanTap has an inhouse NBFC platform delivering flexible EMI-free loan and overdraft products to salaried professionals. Headquartered in Mumbai with the back office in Pune, LoanTap follows an agency-based coll...