more often thus weaning them away from cash it also frees them from geographical constraints while making purchases opening up an entire world of shopping where transactions can be made at the click of a key and yet payment can be made conveniently and securely after the delivery has been made it has been observed that indians are more comfortable with the cashondelivery payment mode with a virtual pos device they can easily epay without having to use cash moreover consumers no longer need to go through the hassle of creating a separate prepaid wallet and load cash each time a virtual pos device thus fits varied needs more so in a growing economy a next generation mobilefirst virtual payment platform such as paynimo provides small and mediumsized merchants an opportunity to access lowcost payment solutions that were previously unavailable to them it can store all payment details securely and can be used by invoking secondfactor authentication it also converts regular text messages and email reminders into actionable payment links allowing merchants to ecollect from consumers overall the future of making and collecting payments lies in virtual pos platforms according to ken research the indian payments market is expected to touch rs 8172 billion by 2019 understandably the market is highly competitive with a number of payment solutions floating around the differentiators in the long run are going to be user experience and security the author is the ceo techprocess payment services ltd etretail published on aug 12 2016 at 0304 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app reserve bank of india epayment techprocess payment services ltd kumar karpe virtual pos systems super wallet homenewsrise of virtual pos devices in the country