Mobile Payments

Mobile Payments Platform

Summary

Paychamp is a secure and easy-to-use mobile payment service in India & Middle East. Our alliance with leading Indian mobile operators, with an advanced cross-operator billing platform, ensures an effortless and reliable way for consumers to pay for digital goods/services on the mobile Internet.

Product description

 

 

Paychamp is a secure and easy-to-use mobile payment service in India & Middle East. It simplifies the process of mobile payments by charging users for digital goods & services through operator billing using the mobile phone bill or airtime. This way it enables digital businesses to profitably connect with millions of mobile phone users across India and Middle East. Our alliance with leading Indian mobile operators, with an advanced cross-operator billing platform, ensures an effortless and reliable way for consumers to pay for digital goods/services on the mobile Internet. With no registration, no credit or debit card required, it’s fast and easy.

 

 

How it works A consumer shops online and decides to make a purchase. The consumer is redirected to the Paychamp payment platform, and is shown the billable amount for confirmation. The consumer’s mobile operator account is charged, and is redirected back to the merchant website/app. The consumer gets access to the digital good/service.

Why is it needed

  • Customers prefer to pay for digital goods and services using their mobile phone bill / airtime
  • Extreme barrier to use credit/debit card for small value transaction (< INR 50)
  • Credit cards reach less than 10% of the mobile population in India & Middle East
  • 228 million debit cards, estimated unique users less than 120 million
  • A significant percentage of young people are outside the electronic payment system
  • The most effective payment system for mobile products thus is Operator Billing based mobile payments

Benefits for Merchants

  • Increased revenue through new services and transaction fees
  • Extended market reach to new market segments – non-credit card holders, students, etc.
  • Brand differentiation
  • Increased end-user engagement
  • Improved customer acquisition and loyalty
  • End-to-end secure transaction management with a superior user experience

Benefits for Consumers

  • Virtual mobile wallet replaces the physical wallet with facilitation of digital currency management over traditional physical payment methods such as cash, checks and credit cards
  • Convenient and easy one-click payments
  • Access to new types of digital transactions, including P2P transfers, cross-border remittances and on-the-move cardless payment
  • A secure solution that keeps sensitive account and card data private so users can manage their payments free of risk
  • Access to rewards, offers and personalized experiences delivered to the mobile phone and linked to consumers’ unique payment habit

Use Case Quikr’s classified allow people to post ads, find what people are looking for and address their regular needs by connecting people within a locality in a faster, simpler and quicker way. Paychamp had recently tied up with Quikr to book their premium listings. Thus, customers can easily post ads via their mobile phone by paying through Paychamp.

Product links

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Contact name
Sales
E-mail
renuka@acl-mobile.com
Phone
91 981 860 5422
Location
New Deli, India
Company
ACL Mobile
Published