TechProcess Solutions Limited, one of India’s leading providers of payment solutions, has tied up with Standard Chartered Bank to offer online payment solutions to the Bank’s customers. Under this partnership, Standard Chartered Bank account holders will be able to access TechProcess’ network of web merchants to pay for products & services online directly through their Standard Chartered Bank accounts.
TechProcess’ gateway is integrated with merchants from various sectors such as travel and ticketing, film tickets, entertainment, flower delivery services, education institutes, prepaid recharge, telecom, insurance, and utilities. The addition of Standard Chartered Bank will enable these web merchants to sell services to and collect payments from millions of Standard Chartered Bank customers.
“This initiative underlines Standard Chartered’s commitment to offering our customers greater choice and convenience,” said Rajashree Nambiar, General Manager, Distribution, Standard Chartered Bank. “TechProcess is a well-known brand with an established network. Our commitment to bringing unique products and services that add convenience and ease to our customer’s lives is further supported by this association.”
“We are delighted to partner with Standard Chartered Bank to offer our extensive network of web merchants for online payments. I am confident that TechProcess will empower the customers of Standard Chartered Bank with a convenient and flexible e-commerce experience,” adds Mr. Bikramjit Sen, CEO, TechProcess Solutions Ltd.
In recent years, more and more customers are shopping online. According to a report published by Internet and Mobile Association of India (IMAI) & Indian Market Research Bureau (IMRB), ‘Active Internet Users’ - those who use internet at least once a month - rose to 52 million in September 2009 from 42 million a year earlier.
With the growth of Internet usage, including for shopping, the security of payment transactions has become critically important for customers, banks, and merchants alike. The TechProcess’ payment gateway has adopted stringent safety measures to ensure that customers can transact online without fear of their personal and confidential information being compromised. TechProcess is ISO 27001:2005 certified, which is one of the most recognized information security standards in the world.