Indepay - India`s first electronic retail distribution and payment network

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Released on: 4, January 2007
, Author: Sonali
, Audience: Software related

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Bangalore, January 4th 2006: Adding a whole new dimension tothe retail boom and consumer buying experience of diverse products and services,Indepay Networks, today launched Indepay - the first-of-its-kind retail distributionand payment network that promises to redefine & further strengthen the retailer -consumer interface in Indian market place.

Indepay is a singular solution to multiple purchases and payment requirements of theconsumer. Through Indepay buyers can currently procure goods and utility servicesstarting with mobile top up at the next door retailer. The beauty of Indepayterminal is in its ability to enable customers to make both cash & cashless paymentsanytime to any Indepay enabled merchant instantaneously to avail a wide range ofgoods & services.

Indepay through its proprietary platforms create a network of merchants, telcos,banks & online aggregators. This creates an ecosystem that allows consumers topurchase various goods & services available  onlineÂ' at the traditional retailstore. A unique enabler, Indepay is an innovative multi-functional goods andservices delivery device, bringing value all consumers & partners in a non  disruptive way.

Through Indepay network, neighborhood retailers in times to come can facilitatecustomersÂ' goods & services like utility bill payments, railways tickets, gifts,flowers, cash less bank transaction & lottery. Thus significantly augmentingconvenience & satisfaction for customer at all times by offering wide range of goods& services through single Indepay terminal. Merchant benefits also extend toincreased consumer footfalls & multiple transactions by individual consumer forgoods & services through Indepay terminal thus leading to merchant revenueamplification. New doors for customer acquisition & additional distribution channelsthrough Indepay will guarantee better revenues and a world of conveniences at alltimes.

On this momentous occasion of Indepay Foundation Summit, Rajib Saha, President &Chief Executive Officer - IndePay said  Indepay shall empower our society as a wholeby giving unmatched freedom and convenience to consumers in terms of purchasingwhile enabling retailers the chance to grow on the strength of new services andrevenue streams. He also added  Indepay will reach the un-reached, connect theun-connected & bank the un-banked.Â

 The Indepay network will create an unprecedented ecosystem wherein consumers canaccess a full range of E-goods and services through traditional retail illustratedMr Sukanta Dey, Executive Vice President & Chief Marketing Officer,

In the first phase, Indepay terminals would be deployed & activated in the top sixtythree towns in India with more than five hundred thousand population, with theobjective to introduce a new service every month leading to a whole new world ofease, comfort, convenience and value for consumers.

TTSL, Euronet, Forbes India, Ferns-n-petals, Pine Labs, FINO, Sulabh International,Flightraja, Yatra, Flextronics, Vishay, Texas Instrument, Magtek, Freescale & NXPhave partnered to make Indepay a neighborhood success.

For live web cast, please visit www.indepay.com

About Indepay Networks

Indepay is an innovative service that has created a robust network integrating theretail merchants, banks, telcos and online aggregators on its proprietary platform.People shall be able to enjoy value added services like mobile top-ups, railways andairline tickets, bill payments and many more right from the comfort of theirneighbourhood Mom & Pop stores. While it empowers customers to choose from a worldof services right from their doorsteps, it opens up a new world for retailers byenabling them to offer much more beyond their traditional offerings, thereby openingup multiple new revenue streams for them. IndepayÂ's high-end proprietary platform,including its cutting edge multi-functional terminals integrates the variousstakeholders in real time.

For further information, please contact:Sonalisonali@mutualp r.com


Source: Express-Press-Release.com
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