PayZippy - FlipKart's Payment Gateway

[Navjot Singh]

PayZippy powers card payments for websites and mobile sites. This system has been used by Flipkart.com for an extensive period, with significantly higher success rates than market, the company said.- PayZippy provides APIs for Charging, Transaction Status Query and Refunds (including partial refunds)- With PayZippy, you can start accepting payments from all Credit & Debit Cards (MasterCard, Visa, Maestro). The other modes like Netbanking etc will be available later.- Once you have shared all the requisite documents, it usually takes ten working days to go-live.
Besides, the payment gateway, a customer facing product is in the pipeline and will be launched soon, the company said. With that product, consumers will be able to save their card details in their PayZippy account. They will then be able to use this saved card for transactions on merchant websites without having to type or share sensitive card details.

Source | PayZippy

 

[Navjot Singh]

PayZippy open for consumers now with 10 launch partners including Snapdeal, Babyoye and Makemytrip. Various discount coupons available. Available only when you make a transaction first and save your card details/verify your mobile number with them.
Prepaid Wallet coming soon.

 

[Sushubh]

Cool. So competing stores are using their payment gateway? Sounds good. Discount coupons on payment gateway? For consumers or for partners? UI is pretty cool. It even recognizes the bank issuing the card. Added all four of my cards lol.

 

[Navjot Singh]

Discount coupons for consumers ofcourse.

 

[Navjot Singh]

With PayZippy we have actually reduced the time taken for making online payments by 50%. We are expecting at least 150,000 customers to sign up for this service within the first month and our target is to get 1 million customers by next June.

Source

 

[Sushubh]

Right noticed. Would be nice if more stores add it though I guess egos would stop them from doing so.

 

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[Navjot Singh]

Yeah. Also I was wrong about Snapdeal adding it. Also there is news that Snapdeal is looking to launch its own Payment Gateway.

 

[ashish]

Recieved this mailer today. but to avail the rs 150 free voucher, one has to purchase goods worth rs 150. doesn't makes sense if one is trying to lure into their own payment gateways

 

[Sushubh]

They want people to save their card info with them. And the gift card I believe work only on WS Retail items.

 

[ashish]

Yup. but an upfront 150 voucher with no strings attached would have been nice and would have immediately seen users converting to their gateway