Paynear mPOS Business Proposal for M/s.

SkyQ
Infotech
PROPOSAL SUBMITTED For: Saurabh Karve | Co-Founder | M: 8898683883 | E:
saurabh@skyq.in
SUBMITTED By: Srikanth Gundavaram | Vice-President-Direct Sales| M:
9396964611, E:Srikanth@paynear.in
CREATED: 28/09/2016
VALID UNTIL: 28/10/2016

Statement of Confidentiality & Non-Disclosure

This document contains proprietary and confidential information. All data submitted to XYZ PVT. LTD. is provided in
reliance upon its consent not to use or disclose any information contained herein in context of its business dealings
with Paynear Solutions Pvt. Ltd. The recipient of this document agrees to inform present and future employees of
Paynear Solutions Pvt. Ltd. who view or have access to its content of its confidential nature.
The recipient agrees to instruct each employee that they must not disclose any information concerning this
document to others except to that extent such matters are generally known to, and are available for use by, the
public. The recipient also agrees not duplicate or distribute or permit others to duplicate or distribute any material
contained herein without Paynear Solutions Pvt. Ltd. s express written consent.
Paynear Solutions Pvt. Ltd. retains all title, ownership, and intellectual property rights to the material and
trademarks contained herein, including all supporting documentation, files, marketing material and multimedia.
BY ACCEPTANCE OF THIS DOCUMENT, THE RECIPIENT AGREES TO BE BOUND BY THE AFOREMENTIONED STATEMENT

Table of Contents
1. About Paynear Solutions.............................................................................. 3
2. About Paynear ONE....................................................................................... 3
2.1 Accept Multiple Forms of Payments In-Store, Home Deliveries &
Anytime, Anywhere.......................................................................................... 3
2.2

Earn Additional Income by Offering Value Added Services..............4

2.3

Complete Control over Your Business Using In-Built Tools..............4

3. Identification of Requirements...................................................................4
4. Proposed Solution Mobile Point of Sale (mPOS)...................................4
5. How Paynear mPOS Works?.........................................................................5
6. Paynear mPOS Device Specification...........................................................6
6.1

A Simple Way to Accept Card Payments..............................................6

7. Security Specifications................................................................................. 6
8. Paynear mPOS Features............................................................................... 7
9. Benefits for YOUR COMPANY.......................................................................7
10.

Benefits for Customers.............................................................................. 8

11.

Paynear Advantages..................................................................................9

12.

Way Forward............................................................................................... 9

Paynear Solutions Pvt. Ltd: 6-3-347/c/1, Abhinav Enclave, Dwarakapuri Colony, Punjagutta, Hyderabad
- 82 India.

1. About Paynear Solutions

Paynear Solutions is a transactions processing company, which builds solutions
for payment processing, customer and store management, and enabling
merchants to offer lots of value added services to their customers, which in turn
increases their revenue. We believe accepting payments should not be
complicated requiring high cost infrastructure. Through a wide range of
innovative & reliable payment solutions, we provide a secure & streamlined
customer experience irrespective of the channel. Paynears omni-channel
package consists of a complete payment suite, value added services and inbuilt
business tools; designed to simplify payment transactions and complement the
business eco-system.
Founded by a team of highly experienced entrepreneurial professionals with 10+
years experience in payment & merchant centric industry. Headquartered in
Hyderabad and offices present in Mumbai, Pune, Bangalore, Noida and Chennai.

2. About Paynear ONE

Paynear ONE is the first ever Omni Channel solution that gives business owners
complete control on how they manage and run their business. Its an easy to use
smartphone/tablet app that is available to download from Google Playstore and
Apple App Store.
Paynear ONE helps business owners like you to:
Accept payments instore, at customers place and online using credit
cards, debit cards, Net banking, wallets and EMI
Generate additional income by offering value added services to your
customers such as recharges, bill payments, ticketing, bookings, domestic
money transfer and mini ATM service
Grow your business using inbuilt tools such as order management,
customer management, e-receipts, e-invoices and comprehensive reports

2.1 Accept Multiple Forms of Payments In-Store, Home Deliveries &

Anytime, Anywhere

Credit & Debit Cards

Cash Cards

Wallet Payments

Net Banking

EMI

Paynear Solutions Pvt. Ltd: 6-3-347/c/1, Abhinav Enclave, Dwarakapuri Colony, Punjagutta, Hyderabad
- 82 India.

2.2

Earn Additional Income by Offering Value Added Services

Recharges, Bill Payments

2.3

Ticketing

Travex

Domestic Money Transfer

Mini ATM

Complete Control over Your Business Using In-Built Tools

Order ManagementCustomer Management

E-Invoices

E-Receipts

Comprehensive Reports

3. Identification of Requirements
Paynear understands requirements to be as such:
General Requirements
Paynear will be glad to make you partner on pledge of 240 devices per
annum.
Additional Requirements
Paynear believes in complying with the norms of RBI & financial institution
& has requisites for successfully Partner & Merchant on boarding:
Documents as per KYC along with partner agreement has to be submitted
to Paynear
KYC Documents of each merchant (your customer) as prescribed which
may change from time to time by regulatory authorities, has to be
submitted for enabling live

4. Proposed Solution Mobile Point of Sale (mPOS)

An mPOS is a smartphone, tablet or any other dedicated mobile device that has
the ability to document customer transactions without the need for a traditional
checkout register or other POS terminal. Any smartphone or a tablet can be
Paynear Solutions Pvt. Ltd: 6-3-347/c/1, Abhinav Enclave, Dwarakapuri Colony, Punjagutta, Hyderabad
- 82 India.

transformed into an mPOS with a downloadable mobile app and can operate as a
stand-alone device simply linked to merchants bank account.

5. How Paynear mPOS Works?

Paynear Solutions Pvt. Ltd: 6-3-347/c/1, Abhinav Enclave, Dwarakapuri Colony, Punjagutta, Hyderabad
- 82 India.

6. Paynear mPOS Device Specification

Fastest Processor: Powerful MSCLE operating system
with 32 bit ARM processor combined with 256MB memory &
64 MB RAM
High Security Standards: PCI PTS V3.0 Certified including
open protocols and SRED. UKCC Certified. MasterCard TQM.
Card reader is EMV L1 and L2 Certified and PCI PTS Certified.
P2PE &Tokenization Agnostic, OS support for SRED. Triple
track (1, 2 & 3), Hi-Coercivity, bi-directional secure magnetic
stripe reader feature. Android mobile platform connects via
Bluetooth or WIFI
Graphical Display: OLED technology display. Fully-integrated Li-ion cell.

6.1

A Simple Way to Accept Card Payments

Paynears mPOS solution is the simplest way to accept card payments anywhere,
everywhere. In just 3 easy steps, you can quickly accept card payments and
eliminate your customers extra waiting time.

Paynear Solutions Pvt. Ltd: 6-3-347/c/1, Abhinav Enclave, Dwarakapuri Colony, Punjagutta, Hyderabad
- 82 India.

7. Security Specifications

PCI DSS Level 1 Complaint

Complaint with Master Card, Visa, Rupay and
American Express
Full Security and support for Chip and PIN and Magnetic
Stripe
Tested and certified by acquiring banks and processors
PCI PTS Certified
EMVCo Level 1 and Level 2 certified
Point-to-Point encryption of cardholder information
No data stored on the smartphone, app or PIN pad

8. Paynear mPOS Features

Fully mobile POS operated using your smartphone/tablet to accept credit &
debit card payments
Free mobile app with capability to maintain your products & categories
Customized mobile app to suit your business requirements
Reward/retention mechanism
Specialized solutions for industry verticals based on their business model
EMI Processing
Easy sign up, with our team at your door step
Track your sales through our web based transaction and reporting interface
Ability to capture ID & address proof
Secure your transactions with a state of art point-to-point encryption
Fully EMV-Certified & PCI Compliant
Device finger-printing to protect your device from misuse in case of theft
Geo-Tagging & Geo-Fencing to identify and restrict your sale location

Paynear Solutions Pvt. Ltd: 6-3-347/c/1, Abhinav Enclave, Dwarakapuri Colony, Punjagutta, Hyderabad
- 82 India.

Risk management with a state of art risk engine & management platform to
curtail frauds
Control your Payments with a void or capture facility in real-time.

9. Benefits for YOUR COMPANY

Our association will add value in terms of:

YOUR COMPANY can portray itself as end-to-end service provider thereby

adding to your goodwill
A new and effective business model
Better penetration and reach into the market
Larger network
Ability to cater to B & C towns, where the market is growing, at a lower
operational cost
Additional revenue channel thereby booking higher income.
Backup of a strong transaction processing company that can be trusted
Excellent services that will retain your clients and add new clients
Trainings from sales and marketing to installation and service
Company reps support for channel partners, even for closing orders
Support for business promotion
Enormous co-branding opportunity
No need to go through expensive and time consuming certifications
Indirect increase in revenue as card payments will be accepted by your smallmedium retailers too
Dynamic added experience of payment processing to Your team
More stickiness of customers to YOUR COMPANY
Rewarding Margin Structure that Improves Your Profitability
Higher than average margins
Generous performance-driven margin incentives
Compelling recurring margins
Market development funds combined with results-focused campaigns

10. Benefits for Customers

Challenge that most retailers face today is to efficiently service a highly
demanding and informed set of customers. Customers today are generally less
inclined to wait at checkout counters, resulting in loss of sales.
However, the traditional way installing more point of sale (POS) terminals at
checkout counters is highly expensive in terms of both hardware as well as
space requirements. Especially given that customer footfalls in the store are
highly variable.

Paynear Solutions Pvt. Ltd: 6-3-347/c/1, Abhinav Enclave, Dwarakapuri Colony, Punjagutta, Hyderabad
- 82 India.

It is not feasible for a salesperson in a high-end retail store to attend to the

customer with a handheld payment device, showing products to the customer
and accepting payments all together.
As another case, Imagine a restaurant with 100 000 guests annually. With the
speed and efficiency of mobile system, waiters could sell one more item to each
and every guest. Even if their staff only serves one item to every second guest
(50 000 items x R20), R1-million additional turnover can be realized. The system
pays for itself.

Lower total cost of ownership: MPOS solutions are being offered at a very
low cost. Many merchants already own suitable mobile devices, so they can
avoid additional costs related to purchasing, deploying, and maintaining a
POS terminal.

Better mobility and greater ease of use: Perfect solution for mobile
merchants with no fixed place of business, doing business on the move.

More flexible software development platforms: Integrate easily with

existing solution or development environments for greater service and
payment experiences.

Better user interfaces: Friendly and simple design make it usage friendly
for merchant and consumer Centralize cloud based application management,
lower cost of maintenance Payment application managed on the cloud, all
software patches, update and enhancement is easily done through an app
update on major smartphone app stores. Cutting down tremendous support
and maintenance cost.

Leading service providers increasingly recognize that success hinges on

establishing intimate relationships with key customers. This trend emphasizes a
movement towards more closely linked relationships with customers, allowing
firms to provide customized level of customer service.
Additional Benefits:
No turnover commitment and approval does not account business size
Your customers will not have to run through varied process for availing mPOS
Technology touching them in-office
More customer attraction for services offered on appropriately publicizing
acceptance of card payments

11.

Paynear Advantages
Our industry knowledge and expertise
Team experienced in clocking fastest merchant acquisition and servicing
Our advanced technological superiority
Our dedicated & helpful support team

Paynear Solutions Pvt. Ltd: 6-3-347/c/1, Abhinav Enclave, Dwarakapuri Colony, Punjagutta, Hyderabad
- 82 India.

10

12.

Fully certified by EMVCo, PCI DSS and PCI PTI

Fully compliant device and systems mandated by card associations, Bye laws
& RBI norms
Partnered with major banks to offer this solution
Prominent industry partners include MasterCard, Visa, Amex, Rupay

Merchant Commercial Partner Earning-Paynear ONE:

Merchant
Commercial

Your
Computer
Earning
Rs.1500

Device SetUp (Base Rate)

Rs.8000
Merchant Service Fees (MSF)
for Premium Credit Cards
1.99%
NA
MSF for Normal Cards
1.75%
NA
MSF for Debit Cards
1.25%
NA
Minimum 15 MERCHANT HAS TO BE SIGNED UP EACH
MONTH
Partner Signup Fees: Rs.25000/-+ST (Non Refundable)
Signup with min RS.1 Lac as wallet top up amount for VAS
Merchant Terms & Conditions:

Service Tax will be levied on all charges as per Regulations

Products/Services should match details mentioned in company proof for
which preliminary approval is given. In case of any deviation, Paynear has
right to De-activate services offered

Partner Terms & Conditions:

Above Proposal is valid up to 30 Days

Partner will be laible for recovery of device from merchants in case of
deactivation.
Service Tax will be levied on all charges as per Regulations and
commission is subject to TDS deduction
Partner signup fees is non-refundable
Commission will be shared until partnership in existence
Commission will be shared for Merchants which are enabled LIVE

Paynear Solutions Pvt. Ltd: 6-3-347/c/1, Abhinav Enclave, Dwarakapuri Colony, Punjagutta, Hyderabad
- 82 India.

11

13. Way Forward

Paynear is confident that our proposal will give thrust as additional revenue
channel for you. We sincerely hope that you will consider as a long-term partner
and allow us to enter into a mutually beneficial relationship.
We are available to answer any question you may have and look forward to
discussing this opportunity further.
Following steps to be undertaken after reviewing this proposal, in order to come
to a final agreement:
Submission of questions/suggestions
Approval on commercial
A draft copy for the MOU/Agreement to be executed between both parties
will be sent upon receiving your confirmation for the same.
We look forward to this proposal proving to be equally fruitful for both the
parties, as already established with others.
Regards,
Team Paynear

Paynear Solutions Pvt. Ltd: 6-3-347/c/1, Abhinav Enclave, Dwarakapuri Colony, Punjagutta, Hyderabad
- 82 India.