E-commerce for SMEs
Digital Economy will be overwhelmed with digital transactions and SMEs find e-commerce a lucrative option to increase outreach in market.
India’s e-commerce market to grow fourfold to $150 billion by 2022
As mentioned in some reports recently published in Mint on August 2013 based on a research from NASSSCOM and PWC analysis, the India’s e-commerce market can potentially grow more than fourfold to $150 billion by 2022, fuelled by rising incomes and a surge in internet users, according to a latest report. During the period, the size of India’s middle-class is expected to swell to 540 million from 380 million in 2017, as per the report.
Indian Digital payment industry
After the launch of “Bhim” the UPI (unified Payment Interface) app, the Indian digital payment Industry has emerged in limelight. UPI is now being used by large number of Payment systems in India. As per recent reports, UPI transactions have now exceeded what American Express (Amex) does worldwide, which is 7 billion transactions per year. (Source: inc42.com)
There are number of Indian Payment Gateways, Payment Banks, Payment Systems that have emerged in the digital payment system space offering new age solutions for payment interfaces.
Indian SMES have golden chance in global digital landscape. Many have now realized this and are now adopting solutions for integration of digital payment systems to their businesses in many ways. Those with a Sales outlet may have Card Payment and UPI interface for payment, Phone to Phone payments, Payments using a Wallet.
What we do for SMEs to enable e-commerce
We help SMEs by designing a solutions for them and implementation and testing.
We help you apply digital payment collection and payment mechanisms through out your value chain at different points.
Integrate Digital Payment with your Point of Sale, Website, Mobile Apps.
- Integrate UPI with your website
- Integrate a popular payment system like RazorPay, InstaMojo etc.
- Integrate PhonePay type Apps with your business
- Integrate Payment Gateways
We also help SMEs in implementing their own B2C or B2B e-commerce portals with full features, including the payment gateway with the site.
Many different ways to integrate Payment systems.
Many banks operate their payment gateways that provide wide variety of access. In addition there are third party PaymentGateways that work with Indian Banking Industry.
A new age player of Payment systems have come up in India that provide value added solutions over standalone payment gateways, include RazorPay, Instamojo. Some options are listed below but we can get you working with many more.