Infinia invests in payment technology provider Mobipaid
Infinia Services & Solutions, a UAE based loyalty management and payment solutions company, has made Series A investment in Mobipaid.
Mobipaid is a UK-based payment technology provider. The venture is expected to roll out a new service in the payment solution category.
Infinia founder and MD Prashant Khattar said: “We are very pleased to invest in Mobipaid at this stage in their evolution. This unique technology will be a game changer in the world of card acceptance, empowering as it does, merchants to accept cards with any internet enabled device. We have already seen huge interest from our existing clients for the solution.
“The technology applied to this service enables it to be workable on any device and across locations. A merchant can register to be part of the service through a simple online process and the approvals are very quick, within 24 to 48 hours. There are possibilities for customization as well.”
Mobipaid enables merchants take card payments from any internet-enabled device. The solution bridges traditional e-commerce payments to a more POS environment thus relieving the merchant of hardware costs and EMV concerns.
The solution is cloud-based and Mobipaid’s API can be integrated into merchants existing payment systems or CRM.
With this new solution, payments can be made via text/email, through recurring subscriptions and also via a merchant’s social media pages on Facebook, Twitter and Linkedin.
Mobipaid founder and CEO Chris Roets said: “Such a ringing endorsement from experienced payments professionals is extremely welcome and we expect this partnership to open up exciting possibilities within the Infinia Group of companies in the Middle East, Africa and Asia regions.”