1 Contestpayments.com – News Release A Fresh Approach, A New Deal: Payment Gateway Solutions Arrive in India ADDING A NEW DIMENSION TO E-COMMERCE Payment gateway holds the key to smooth monetary transactions online. Payment gateway is certainly the most essential part of e-commerce, which has itself become essential for all classes and categories of businesses. In the present age of advanced technological know-how, maintaining a healthy and competitive web presence is undeniably an indispensable facet of ‘being in the business; whereas a safe and reliable payment gateway serves as an embodiment of the physical Point of Sale in the traditional retail outlets. In actual practice payment gateway solutions are services that make or receive payments for e-businesses and online retailers. While e-commerce is making a rage all across the globe, India is not lagging far behind. It is estimated that presently only around 8.4% of the Indian market is online, nonetheless it adds up to approximately 100 million users. Needless to say the numbers are increasing with great speed, which has already made India the fourth largest online country in the world. Contest Payment is the latest addition to the payment gateway service providers, which targets at becoming the premier service provider offering next generation cloud and payment gateway solutions. Based in Sector 16, Noida, India, the company aims to provide superior, quality and user friendly services to merchants. Contest Payment was in fact conceived with the idea of revolutionizing the entire scenario of online payments in India. The underlying idea has been to build a forum that is not just better than the competitor’s, but to build a niche for itself that is no less than the best. The dedicated team at Contest Payment strives to provide merchants with greatest flexibility and ease that they will experience nowhere else. E-commerce payment processing solutions are the principal focus for Contest Payment, which is offered through collaboration with PCI compliant payment gateway. An e-commerce merchant account with Contest Payment sanctions merchants to admit e-check, debit card and credit card payments, straight from merchant’s website (in real time). Page 1 2 Contestpayments.com – News Release Security is undoubtedly one of the major concerns when it comes to e-payments, especially with cyber- crime, hacking and online fraud increasing by the day. In fact the online frauds seem to have incremented in direct proportion with the rising online business transaction. Provision of comprehensive security for all its clients has been a top priority for Contest Payment, which is ensured through an automated telephonic contact with the person involved in the online transaction. Good security translates into greater profits, as potential profits are not lost due to frauds and unnecessary credit card charge back service charges. The unprecedented rise of e-commerce in India is literally imposing the need for e-payments, justifying the emergence of payment gateway solution providers. Contest Payment is open to catering clients from all over the world, but will specifically prove to be a boon for Indian merchants who are looking for a reliable, secure and sustainable option at home. Contest Payment has already proven its worth with an impressive number of satisfied merchants... Page 2
"High Risk Payment Processor"