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Aditya Birla Capital Digital launches Payment Lounge for merchants Aditya Birla Capital Digital

Aditya Birla Capital Digital launches Payment Lounge for merchants

India Blooms News Service | @indiablooms | 18 Sep 2023, 05:49 pm

Aditya Birla Capital Digital Limited, the wholly owned subsidiary company of Aditya Birla Capital Limited, has introduced Payment Lounge, an omni-channel, multi-mode collections platform to enable merchants a platform for making digital payments.

The technology behind the payment infrastructure has been powered by omnichannel payment solutions company PhiCommerce.

The Payment Lounge supports various payment modes including, UPI, debit, and credit cards, direct to bank, via QR code scans, buy-now-pay-later, wallet and link-based payment options.

The Payment Lounge is underpinned by PhiCommerce’s omnichannel payment platform PayPhi - a one-stop solution that serves businesses' diverse payment needs across both online and offline channels.

Payment Lounge - Features & Benefits

Smart Routing
Smart Collect
One Recon & One Integration
Robust & Highly Available Infrastructure
Plug In Ecosystem
Cost Optimization
Omni Channel & Multi-Modal Platform

Commenting on the announcement, Pankaj Gadgil, Head Digital Platforms and Analytics, Aditya Birla Capital said, “We are excited about the journey of the future of payments in India and about our payments’ roadmap. At Aditya Birla Capital, we are focused on creating a great experience for our customers and merchants alike. With our strong focus on driving digitalization and innovation in product offerings, we have launched Payment Lounge to help merchants streamline their payment processes, deliver enhanced convenience to their customers, and maximize collection efficiency of their businesses.”

Tushar Shankar, Co-Founder & Head - Global Sales, PhiCommerce, expressing his happiness on the collaboration added, “Today, businesses worldwide are embracing omnichannel go-to-market strategies and PhiCommerce is recognized for its capability to empower such businesses in their growth. We are very excited to partner with ABCDL for its hugely innovative Payment Lounge that solves challenges that businesses have with legacy, siloed payment solutions. PayPhi, based on a modern service-based technology architecture, not only brings in huge cost efficiencies but also enables businesses to launch a variety of cutting-edge innovations.”