IPPB ties up with FSS to create payments network for unorganized retail
India Post Payments Bank says FSS will also provide merchant management and settlement solutions including on-boarding fee calculation, reconciliation and settlement
New Delhi: In a move aimed at creating a payments acceptance network for unorganized retail including small merchants and kirana stores where consumers can make payments, India Post Payments Bank (IPPB) has partnered with Financial Software and Systems (FSS), a payments technology company to ensure that micro-merchants are able to accept payments over any channel – online, unified payments interface (UPI), quick-response (QR) codes, Aadhaar and IPPB accounts.
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