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Digital payments company Mswipe Technologies has raised $20 million in primary growth equity capital from its existing investors. While it didn’t share the names of the ......
Upon securing preliminary approval in 2022, Mswipe set its sights on piloting its internally developed payment gateway stack with its established merchant base. It was looking to become a full-stack payments player, diversifying from offering offline merchant acceptance devices.
In terms of the amount settled, debit card transactions are just a third of the amount settled through UPI during the month. In value terms Rs 17 lakh was settled through UPI in November. Besides widespread usage in financially savvy urban centers, UPI is now picking up in semi urban and rural areas.
In terms of the amount settled, debit card transactions are just a third of the amount settled through UPI during the month. In value terms Rs 17 lakh was settled through UPI in November. Besides widespread usage in financially savvy urban centers, UPI is now picking up in semi urban and rural areas.
The strengthening of its leadership structure comes as Mswipe is looking to push its global expansion plans.