Innoviti Accelerates POS Adoption in Small Towns With India's First 'Same Day, Every Day' Fund Transfer Feature

/ -- Move designed to address key bottleneck to card acceptance by smaller retailers
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About Innoviti Payment Solutions
Innoviti Payment Solutions runs a payment platform that has a unique ability to add intelligence to traditional payment channels, enhancing their value. Merchants, brands and financial service providers use these intelligent payment channels to reduce cost and drive sales of their products. Innoviti processes over Rs. 26,000 Cr. of payment transactions, about 5% of all offline merchant payment transactions in India. This also includes Rs. 1,500 Cr. of transactions involving distribution of loans to consumers and small businesses. The company has raised a total of US$ 23 million of funding till date from marquee investors such as Catamaran Ventures, SBI-FMO fund and Bessemer Venture Partners. For more information, please visit - http://www.innoviti.com