US-based online payments firm Kachyng comes to India

San Francisco-based payments technology company Kachyng has launched its Indian operations, a company statement said here on Wednesday.

"India is already en route to become the world's fastest growing e-commerce market and is expected to exceed the $100 billion mark by 2020," Kachyng CEO Resh Wallaja said.

"In the next five years another 30 million merchants will go online and 400 million people will become first time online shoppers."

"We urgently need a safer and easier way to shop online. Kachyng offers a path-breaking technology solving 90 percent of the problems faced by both consumers and merchants," he added.

"By making it easy to securely engage and sell to new and existing consumers, we are here to solve the root cause of lost sales."

--Indo-Asian New Service

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