AviMswipe, which is a Mumbai based mobile Point of Sale has now secured Rs 220 crore in the new funding round from some of the existing investors which include the Eduardo Saverin, Falcon Edge, Epiq Capital, and DSG Consumer Partners.
The company is in the business of deploying the PoS terminals at all the merchant’s outlets and processing card transactions for all the major cards which include the visa, MasterCard, RuPay.
Just like some of the other traditional PoS deploying entities such as the Pine labs and WordLine. Mswipe onboard its merchants and deploys the mobile PoS terminals which are as of now aimed at bringing all the small merchants within the fold of digital payments.
Picture Credits: Mswipe