Cipherpay provides an AI-powered hybrid transaction processing engine and neo-banking platform that enables businesses in India to securely collect online payments and manage payouts through a Virtual Private Address (VPA) system. This solution addresses the need for efficient, low-cost payment processing and faster fund access, enhancing productivity and reducing transaction fees for MSMEs, startups, and corporates.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses in India face challenges with high transaction costs and delayed access to funds when processing online payments. Existing payment solutions often lack efficiency and can be expensive, particularly for MSMEs, startups, and corporates.
Solution
Cipherpay offers an AI-powered hybrid transaction processing engine and neo-banking platform designed to streamline online payments and payouts for businesses in India. The platform enables businesses to securely collect payments and manage payouts through a Virtual Private Address (VPA) system, reducing transaction fees and improving fund access. By providing a unified platform for managing multiple bank accounts and offering features like UPI payment acceptance and automated payouts, Cipherpay enhances productivity and simplifies financial operations. The system supports both static and dynamic QR codes, as well as intent URLs for accepting payments from various sources.
Target Audience
Cipherpay primarily targets MSMEs, startups, corporates, NBFCs, and MFIs in India seeking efficient, low-cost payment processing and streamlined financial management.
Features
- AI-powered hybrid transaction processing engine for optimized payment routing
- Virtual Private Address (VPA) system for secure online payment collection and payouts
- UPI payment acceptance via static and dynamic QR codes
- Intent URL generation for simplified vendor and customer payments
- Cipher Connect: A unified platform for managing multiple bank accounts
- Automated funds management, including transfers and disbursements
- Comprehensive transaction history and status tracking
- Management Information System (MIS) reporting for informed decision-making
- Balance inquiry feature for real-time account monitoring