Transact Bridge provides Merchant of Record and Seller of Record solutions in India, enabling global businesses to accept local payments through methods like UPI, net banking, and credit cards. The platform addresses high payment failure rates and compliance challenges, ensuring a 99.2% transaction success rate and 100% tax compliance for international companies operating in the Indian market.
Funding
Funding not disclosed
Founders
Product
Problem
Global businesses face challenges in accepting local payments in India due to complex regulations, high payment failure rates, and the need to support diverse payment methods like UPI and net banking. This complexity hinders market entry and revenue generation for international companies operating in the Indian market.
Solution
Transact Bridge offers Merchant of Record (MoR) and Seller of Record (SoR) solutions tailored for the Indian market, enabling global businesses to seamlessly accept local payment methods, including UPI, net banking, wallets, and credit/debit cards. The platform addresses payment failure issues through intelligent routing and machine learning, ensuring a high transaction success rate. By managing tax compliance and navigating local regulations, Transact Bridge allows businesses to focus on growth while providing a streamlined payment experience for Indian customers. The single API integration simplifies the process of incorporating local payment options into existing systems.
Target Audience
The primary target audience includes global businesses in e-commerce, SaaS, digital goods, and gaming that are expanding into the Indian market and need a solution for accepting local payments and managing compliance.
Features
- Support for a wide range of Indian payment methods, including UPI, net banking, wallets (Paytm, Airtel Money, Amazon Pay), and locally issued credit/debit cards (Visa, MasterCard, Rupay).
- Intelligent payment routing and machine learning to optimize transaction success rates.
- Real-time FX rates and hedging solutions to mitigate currency risk.
- Automated tax compliance, ensuring adherence to Indian tax regulations.
- Customizable reports and dashboards for insights into customer behavior and sales patterns.
- Single API integration for seamless incorporation into existing systems.
- Recurring payment support via UPI AutoPay, SI Hub, and E-Nach/E-Mandates.