AK INFOPARK PRIVATE LIMITED

In their own words

'Cashless society' is the new catch phrase on every Indian's lips. With Government's move to push cashless transactions, businesses - both big and small merchants are looking for other modes of digital payment options to keep their business afloat. We, AK InfoPark Private Limited, are focusing on one such digital payment named SNAPAY, an Android/IOS App which comes handy for digital payments with loyalty programs. With this SNAPAY App, one can transact without opening a new bank account. SNAPAY is a contactless digital payment medium which requires no hardware. To make or accept payments you just need an Smartphone. As SNAPAY is a UPI (Unified Payments Interface) based App, a payment system launched by NPCI (National Payments Co-operation of India), the umbrella organisation for all retail payment systems in India which allows unrestricted access to e-payment services and is regulated by the RBI which facilitates instant fund transfer between two bank accounts to pay and receive payments via mobile devices. Payments are made simple with SNAPAY, where customers can shop normally as like usual and after completing the shopping, they can use scan to pay feature using the SNAPAY App through QR code scanning and they can make the payments by using UPI/wallet/net banking options. Customers can also make payments through debit/credit cards using SNAPAY Digital POS module. SNAPAY provides secure transaction, Cash Back offers, loyalty programs, digital wallet system which results in paperless payments. The future enhancements of SNAPAY will include Aadhar based contactless fingerprint payments, NFC payments (Near Field Communication) a technology that allows two devices exchange data when they are close together which enables contactless payments.

Written by the company on its public Startup India profile. Not verified by us.