New Delhi, Feb 1 (ANI): International e-payment gateway Telr announced the launch of the first merchant self on-boarding solution in India that will enable fast and seamless integration without upfront costs. The launch aims to assist the country’s merchants in building robust online businesses through its rich, secure payments gateway as well as value-added services.
Telr’s entry into the Indian economy is an interesting prospect as it offers its competitors a new, fresh, dynamic and progressive approach to focus on the SME and start-up industry.
It reduces on-boarding time by over 50 percent by advising on the specific documentation based on company type and ownership structure and allowing electronic uploading of the same.
Entrepreneurs can thus focus on their business by saving time on lengthy physical paperwork. Telr will enable online payments solutions for merchants using both websites as well as social media channels such as Facebook, Instagram and mobile apps.
“In emerging economies such as India, where new-age start-ups and online businesses are establishing themselves as the major growth drivers, there is an urgent need for the payments industry to evolve beyond being just a payments facilitator,” said Co-founder and CEO, Telr, Sirish Kumar.
“New online businesses often face a lot of challenges such as high fees and endless paperwork during their early stages; Telr has been launched to introduce innovation when it comes to online transactions.
We are here to eliminate the fragmentation that exists between key stakeholders in the e-commerce markets such as merchants, logistics services, web store providers and banks in order to facilitate seamless, smooth business growth,” added Kumar.
“We are basically facilitating the merchants to easily navigate on-boarding challenges and be up and running in the least amount of time possible with minimal financial commitment. We want to empower people who wish to sell online by breaking down barriers and allowing higher levels of access to tools and expertise at realistic price points that suit merchants of any size,” added Sirish.
Moreover, its payment gateway aggregation and fraud management tools allows Telr to enable the online movement of SMEs at a low cost, while its Merchant Cash Advance (MCA) facility ensures the funding of their growth with help of its lending partners.
By providing extremely user-friendly solutions with complete backend support to ensure seamless operations, the company is looking to be the preferred financial provider and payment service aggregator to merchants going online in the Middle East, Africa, Southeast Asia and India.
In addition to India, Telr is already live in the Kingdom of Saudi Arabia and UAE. It is also now licensing its technology to a large Telcom group in Indonesia and will launch there alternative payment methods by Q3 2016. (ANI)