[Product Roadmap] Starting with 50 merchants to processing $5B payments annually – the Mswipe journey
A product roadmap clarifies the why, what, and how behind what a tech startup is building. This week we feature the fintech startup - Mswipe, the startup that processes $5 billion in payments annually with 1.4 million points.
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In 2011 when
fintech, digital payments, and wallets weren’t oft-used words, Manish Patel, the owner of alcohol franchise, Sante Wines and Beer in Mumbai, decided to start Mswipe. He had seen a big gap that most SME businesses faced - accepting card payments.
“Getting a POS terminal to accept digital payments in our country was not easy back then,” recalls Manish. He had observed that most small merchants couldn’t get a terminal that could accept card payments from a smaller bank or a cooperative bank. This meant they had to work with the terms that were imposed by larger banks.
Graphics and texts and make it look really professional and polished and post it in my social media. it looks like i have had someone really pull it together the that s professional. i m not. i m just a regular person doing it. one of the tools we use is light speed pos. it s a great web-based, cloud-based pos system. i can look on me cell phone and reporting. it shows it s a really good thing. otherwise, i can tell during the day where our sales are. 23 we re slow a couple hours or speeding up. it s a really great tool. let s hit the beach for this week s your biz selfie from tampa beach, florida. they own panama beach time. they rent out vacation homes in the area. take a selfie of su and your business and send it to your business at msnbc.com.
And stuff like that and make it look professional and polished and post it on my social media. it looks like i ve had someone really pull it together that s professional. i m not, i m just a regular person doing it. one of the tools we use is light speed pos. it s a great web-based, cloud-based pos system. right now i can look on my cell phone or my mac and i can pull up inventory, sales for the day, it shows it s a really good thing. otherwise i can tell during the day where our sales are, if we re slow during a couple hours or speeding up. it s a really great tool. let s hit the beach for this week s yourbizselfie. from bill poffe and david mcnear who own bana beachtime. take a selfie of you and your business and send it to
Picture of a product and i can go ahead and insert, like, really robust graphics and texts and make it look really professional and polish and had post it on my social media and it looks like i ve had someone, you know, really pull it together that s professional. and i m not. i m just a regular person doing it. one of the tools we use is light speed pos. it s a great web-based, cloud-based pos system. like right now i can look on my cell phone or mac and pull up our inventory or sales for the day, and it shows. it s a really good thing. otherwise i can tell during the day where our sales are. if we re slow during a couple hours or speeding up. it s a really great tool. let s hit the beach for this week s yourbizselfie. from bill and david in panama beach, florida, who own panama beach time.
Then you have here a system from shop keep. those who already have the ipad, here pay about $50 a month for the software and then you have the accessories. this one which is bluetooth is about $250. if you have a p.o.s. system that has not upgraded to deal with the emv card reader, then you have to rethink your system. correct. you have to talk with people to find out which is best for our business. talk to your local consultant or go online and get it. if you have a system that has already upgraded to deal with it, then it s just the price of buying the reader and the heartache of having to train your employees. that s it, correct. educating your employees that we re no longer swiping. which you can do on these systems. they re still backwards compatible. get people to use their emv compatible credit card. got it. it looks like october 1st everyone is not going to be turned over. it s going to be messy for awhile. i think the banks are going to understand that.