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Payswiff

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India

Founded in

01 Sep 2013 (12 Years)

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3.60/5

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    What are the differences in regulations for each

    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Get to know Payswiff

    Payswiff is the leading Indian International Fintech player that provides omni-channel electronic payments acceptance solutions to Enterprises, SMEs, Banks, and Mobile Service Operators across 12 countries spanning Asia, Middle East, Africa and Europe. Payswiff is a payment facilitator, provider of outsourcing and white label solutions for electronic payments. Payswiff is also licensed GST Suvidha Provider (GSP), providing convenient tax filing services to businesses In India. The co-founding team comprising of seasoned professionals with 13+ years’ experience in the payments industry launched Paynear in 2013. Their dream was to empower small & medium businesses with a simple, hassle free and secure payment transaction solution, which fulfills their day-to-day payment processing requirements. In 2015, the company launched its first flagship product - Paynear ONE, an omni-channel payment transaction solution that lets business owners accept payments from their customers in-store, at home deliveries, online and on-the-go using mPOS and POS solutions. Within a short span, in 2017 Paynear acquired Singapore headquartered Goswiff International and the trade name was re-branded as Payswiff Solutions. In the same year, Payswiff also become a licensed GST Suvidha Provider (GSP), that provides convenient tax filing services to businesses & other stakeholders through its invoicing and GST filing application - 'Taxngo'. Payswiff ONE – the company’s flagship plug ‘n’ play payment transaction solution helps its businesses accept payments through multiple modes, including debit cards, credit cards, net banking, payment gateway, e-wallets and UPI. Payswiff TaxnGo solution lets small & medium businesses automate their GST return filing needs along with managing their customers, products, vendors, credit/debit memos, create sales & purchase invoices and generate printable invoices seamlessly. Payswiff through its innovative solutions, has played a vital role in supporting the Indian Government's drive towards a digital Indian economy. The company has successfully served customers around the world since 2013, bagging multiple industry awards like, Telangana Brand Leadership Awards, Best Use of Mobile Technology in Financial Services at Asia Banking, Financial Services & Insurance Excellence Awards in Singapore, The 2017 Times Network National Awards etc. Recently, Payswiff attained the jury award for being the best IT Company at the 2018 HMTV Business Excellence Awards. At present, Payswiff has partnered with 50+ banks globally, has more than 450+ associates in 11 different countries and is listed in the Top 50 FinTech Companies in India.

    Industry

    • Financial Other ServicePRIMARY
    • Financial PSP Gateway
    • Technology Software Development

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