Bengaluru, Karnataka – July 22nd, 2019 – Paymentwall, a global payments company, announces the opening of two offices in both Bengaluru – the Indian Silicon Valley – and Gurugram – the Pan-Indian Business Hub, in an effort to reach Indian startups, service and tech companies, to serve them as a platform to launch globally using the many local payment options that Paymentwall provides on its platform.
Paymentwall back in its early days in 2010, helped Indian startups such as iBibo and various other digital companies process payments, but switched focus to the Chinese and Southeast Asian markets as well as its European expansion. Later becoming the number one payment provider for cross-border transactions in China and Southeast Asia, helping the largest digital companies in those regions reach their global potential. Paymentwall now set its ambitions to re-introduce India, as the demand for the Indian market from global companies has increased.
“There is no question about talent here in India, and in the past 20 years, the startup and tech scene has evolved beyond fixing the Y2K bugs to building products that are globally competitive and innovative with a lot of global potential. The payment problem in India is already being solved by great companies founded here both with local and foreign funding with entrants such as Paytm, MobiKwik, PhonePe, Razorpay, and PayU as well as Billdesk, but beyond these companies’ local offerings, the Indian companies need to look at the future, and start thinking more globally and this is why we are now here,” said Honor Gunday, CEO of Paymentwall.
After a team a month-long trip across India in April of 2018, and having studied the market, Paymentwall decided to enter the Indian market with two offices, covering two distinct markets in India; Bengaluru – to service the emerging startup scene where the Indian startups would soon realize the global opportunities beyond India, and Gurugram – the Pan-Indian Business Hub, to service the medium size and large size companies’ demand and appetite to go into adjacent markets in Southeast Asia, Europe, and China as well as the United States.
“If we have mastered connecting China, Korea, and Southeast Asian markets and merchants with the US, Europe, Russia, and Brazil, not having India in our mix of markets felt like we were missing something, our teams in both offices in India have become part of our global teams and they are ready to assist local companies to go global with us.”
Paymentwall connects 250,000 merchants around the world to local markets through 150+ payment options. Unlike many of the payment companies available to Indian businesses, Paymentwall will have no set-up or monthly fees and 24/7 merchant and local support along with competitive international credit card and local payments processing rates in addition to providing Chinese, Russian, European, Southeast Asian, Latin American and North American local payment processing that Paymentwall created over the past 9 years thanks to its local presence in all these markets.
“We want to bring a breath of fresh air into the Indian payments industry and eliminate all set-up and extra fees – as Paymentwall only charges on a transactional basis which we feel is fair,” said Honor Gunday, CEO of Paymentwall. “Our philosophy is we want to provide partners with a win-win-win solution – meaning that we help merchants achieve their global ambitions with their business, we win because we’re able to provide a great service and add to our bottom line, which ensures our continued growth in more markets and the most important being enabling the users from many global markets ready to consume Internet-based products and services that Indian companies have been building in the last decade.”
Following this announcement and Paymentwall’s two functioning offices, the company is now open to start onboarding local merchants who are either new to selling globally or want to switch payment providers to gain better access to global markets for competitive rates and a well-rounded set of features.
Paymentwall’s payment platform offers a range of features that accommodates each aspect of a merchant’s need including a knowledgeable global team to advise merchants on local payment options, its proprietary Medusa risk engine that protects against fraud both with credit cards and local payment options, 24/7 merchant and customer support, chargeback dispute management on behalf of the merchant, local and global credit card processing with VISA, MasterCard, American Express, Diners, JCB, Discover, ChinaUnionPay, Mir in addition to 150 local and trusted payment options, E-Invoicing, TokiDoki recurring billing, customizable payment widgets, VAT and sales tax management via Terminal3 for hard to reach markets, Reporting and analytical tools and a platform available in 30+ languages.
Paymentwall also is hiring in both locations, for globally-minded and ambitious team members who want to be part of a unique company culture that embraces different markets and unites them in one.
About Paymentwall
Paymentwall is the global payments platform that unites over 150 payment methods including credit cards, bank transfers, e-wallets, and prepaid cards as well as Mobile Carrier Billing, covering the full spectrum of Payment options with one integration via one API. Paymentwall helps over 250,000 merchants globally, including LG Electronics, Samsung, Tencent, Kakao Games, Wargaming, and many SAAS, Travel, and eCommerce companies to expand globally, and sell their products and services using the trusted payment options Paymentwall offers.
Paymentwall was founded as a bootstrapped company in San Francisco and expanded throughout that last 9 years through its own growth, into global markets with local offices in San Francisco, Las Vegas, Phoenix in the United States; London, Berlin, Lisbon, Sofia, Kiev, Moscow, Istanbul in Europe; Novosibirsk, Manila, Hanoi, Beijing, Shenzhen, Seoul, Gurgaon, and Bangalore in Asia. Paymentwall provides its merchants and their end-users support in over 30 languages, handles end-user customer inquiries and risk management of transactions 24/7 and 365 days a year. In 2019, Paymentwall announced the launch of the UK based sister company the Fasterpay e-wallet to help global merchants manage their business incoming and outgoings, and also spun out Terminal3 as a dedicated payments platform for Games.
To find out more about Paymentwall, please visit https://www.paymentwall.com.