FinTech Company for Sale in Mumbai, India
Established | 10-20 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | Nil |
Run Rate Sales | Nil |
EBITDA Margin | Nil |
Industries | FinTech |
Locations | Mumbai |
Local Time | 1:03 AM Asia / Kolkata |
Listed By | Management Member |
Status | Active |
Bank (PSP) is necessary to facilitate transactions. The buyer would need to check with the bank/acquirer for the same.
- We do not offer permission from the related regulatory body. The buyer would have to consult with their lawyer for the exact regulatory requirements of this business in their country. The buyer may require legal obligation before launching the payment gateway business.
- The company does not control the fund flow between the buyer and their bank/acquirer. We only act as a software vendor.
- To use this software, the buyer must have experience in the merchant service/payment gateway business.
- The company reserves the right to accept or reject the offer anytime before signing MOU (memorandum of understanding).
- The reported sales and profit margin is mentioned as zero because the business is not yet operational.
- The parent company that owns this business is located in Jaipur. But the business operates from Mumbai, Maharashtra.
- The business primarily works on the MDR (merchant discount rate) revenue model which involves licensing its UPI technology to a partner and earning a percentage of the transaction fees collected from merchants for each UPI payment.
The buyer needs to ensure it meets all the requirements set by the NPCI (National Payments Corporation of India) and partner banks. This includes having the necessary documents, a robust technical infrastructure, and a comprehensive business plan.
We have end to end technical support for NPCI certification.
1. Understanding UPI switch and TPAP:
• UPI switch:
A UPI switch is a technology infrastructure that enables PSPs (payment service providers) and TPAPs to connect with the UPI network and process transactions.
• TPAP:
A TPAP is a non-bank entity that offers UPI services through its own application, partnering with a bank to facilitate transactions.
2. Key requirements for certification:
• Company Incorporation and KYC: Certificate of Incorporation, MOA (memorandum of association), AOA (article of association), and KYC documents for directors and shareholders.
• Financial stability: Audited or self-certified financial statements.
• Business plan: Detailed plan outlining UPI use case, transaction volumes, and operational details.
• Technical readiness: Secure and scalable infrastructure, adherence to NPCI standards, and integration with UPI systems.
• Security and compliance: Information security policies, disaster recovery plans, and adherence to NPCI (National Payments Corporation of India) and RBI (Reserve Bank of India) regulations.
• Partnerships: Agreements with acquiring banks or PSPs for transaction support.
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12 hours agoExecutive Director, New Delhi, Financial Consultant connected with the Business