POS-Acquiring In Asia

TechInAsia: Mumbai-based startup MSwipe fills the gap with a hassle-free POS device which can work with any mobile phone. Yes, even brick phones. Plug it into the phone’s audio jack, launch the application, and you have a card reader ready to swipe.

Mswipe built the product in 2012. Today, the startup, founded by Manish Patel, bagged US$25 million in a series C round of funding. The investors include Falcon Edge Capital, Ola Cabs, and Meru Capital as well as Mswipe’s existing investors Matrix Partners India, Axis Bank, and DSG Consumer Partners. Read the full article 

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