Flipkart closing its Payment Gateway PayZippy; Invests in Ngpay
Indian e-commerce website, Flipkart is closing down its payment gateway business Payzippy , as it neglected to perform as per the organization's desires, says a report from Livemint,. The online retailer has propelled this different firm Flipkart Payment Gateway Services (FPGS) Pvt Ltd a year prior to give payment answers for traders. Flipkart launched PayZippy in July last year to compete with services such as CCAvenue and Paytm. Additionally, Flipkart has made a "strategic speculation" in Ngpay (Jigrahak Mobility Solutions Pvt Ltd), a payment administration and a commercial center that presented mobile payments in India. Ngpay seems to have a reasonably far reaching versatile application based marketplace, offering ticketing from IRCTC , numerous bus travel services, flight tickets, apart from recharging and top-ups, cinemas and event tickets. Payments are permitted through Mastercard, Visa, Maestro and American Express. I simply needed ngpay, and was informed that...