FortunePay offers comprehensive an end-to-end electronic payment platform and services to make electronic payment acceptance convenient, user-friendly, cheaper and ubiquitous for acquiring banks and merchants. The Bangalore based company aims to “help realize India’s vision of reducing the cash component of retail commerce.”
Their solution includes a comprehensive payment stack that directly connects merchants / consumers to banks and payment networks. They also provide near-real time feedback on status of payment transactions, fraud rating of transactions.
Accepting Electronic Payments is a basic pain point for startups on many different levels. We want to ease this one pain so that startups can focus on other more pertinent issues.
They are in an early alpha stage and demoed at UnPluggd6 today.