Payment Services Company for Sale in Delhi, India
- ePOS platform that allows merchants across the country to accept cashless payments from their customers who want to pay with cards.
- Our infrastructure runs on a mobile application installed on the merchant's phone and does not require a physical device which typically cost merchants around INR 10,000.
- The application is available only for the Android platform currently.
- Over 10,000 merchants across the country actively use our platform.
- The average number of transactions per day is around over 150.
- Generate a net profit for each transaction. We receive 1.8% of the transaction value from the bank and 2% from the merchant.
- Typically the merchant receives the cash 2 days after the transaction.
- Monthly net profit is INR 80K-1.5L.
- We launched a subscription model where the merchant can receive the cash within 1 day of the transaction by paying us an annual fee of INR 899.
- Around 60% of our last year's subscribers have renewed their subscription for this year.
- The business has never invested in marketing so far and runs on an asset light model.
- The business is run by the 2 founders one of who is an IIT Delhi alumnus and the other who has studied and worked in the US for 8 years.
- Due to the COVID-19 pandemic, our revenue has decreased significantly.
- The acquirer will get the legal entity, the technology product stack and the rights to name.
EPOS infrastructure for merchants to receive card based payments without a POS device.
6 days, 4 hours agoPartner, Advisory Services, Mumbai, Corporate Investor / Buyer connected with this business