TraQiQ launches TraQPayments in Latin America: Omni-Channel Fintech platform

Rhea-AI Summary

TraQiQ, a prominent provider of Last Mile and Fintech solutions, has launched TraQPayments, an innovative online payment platform in Latin America. This solution aims to streamline transactions by integrating various payment methods, allowing merchants to accept payments via smartphones effortlessly. With a decade of Fintech expertise, TraQiQ believes TraQPayments will enhance the adoption of mobile point-of-sale services. The platform features quick transaction processing, enhancing user efficiency with functionalities like SMS invoicing and QR code payments.

Positive

• Launch of TraQPayments enhances payment processing capabilities.
• Integration of multiple payment methods improves merchant flexibility.
• TraQPayments demonstrates three times quicker transaction time than traditional POS.

Negative

• None.

BELLEVUE, WA, Oct. 21, 2021 (GLOBE NEWSWIRE) -- TraQiQ, Inc. (OTC QB: TRIQ) (the "Company" or "TraQiQ"), a leading provider of Last Mile & Fintech solutions announced the launch of its online payment solution 'TraQPayments' in Latin America, today. TraQPayments aims to bridge the gap between face-to-face and e-commerce transactions, by creating a smooth payment experience across all channels.

TraQPayments allows its users to integrate all potential payment methods – from mobile and online, to cash and card payments – into a centralized system and enables the merchant to accept credit/debit card and wallet payments on their smartphone. 

TraQiQ has been building FinTech solutions for over 10 years, and firmly believes that this innovation will lead to a widespread acceptance and adoption of mPOS (mobile point-of-sale) services across the region. TraQPayments is a cutting-edge mobile POS solution that provides a customizable, flexible payment solution with enhanced security features within a superior mobile framework. 

With features like SMS invoicing, scan and pay QR code, mobile wallet, and Digi-Swipe, TraQPayments provides a reliable and cost-effective payment solution for both vendors and customers. Moreover, turn-around-time using mPOS has demonstrated to be 3 times quicker than traditional POS which is a key factor for its appeal with users. 

The TraQPayments platform powers payments & cash collections that are currently offered by Mimo Technologies. Mimo is a leading Last Mile delivery provider and has thousands of people collecting payments daily. Lathika Regunathan, President of TraQiQ Solutions Pvt Ltd said that “TraQPayments allowed Mimo to roll out a complete Payment solution in days. The product easily adapted to Mimo’s processes, facilitate payments, and settle transactions”.

TraQiQ, Inc.

TraQiQ, Inc. is a global technology company with a suite of products designed to help identify customers, facilitate transactions and fulfill transactions. TraQiQ’s leading edge FinTech and Last Mile solutions have been deployed with leading multi-national customers around the world and are helping increase customer loyalty, improving profitability and driving efficient financial transactions.

Connect on social media at: 
https://www.facebook.com/TraQiQ
https://twitter.com/TraQiQ
https://www.linkedin.com/company/TraQiQ
For more information, please visit www.TraQiQ.com

Forward-Looking Statement

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Corporate Communication
TraQiQ, Inc.
425-818-0560
info@TraQiQ.com
www.TraQiQ.com

Source: TraQiQ, Inc.

FAQ

What is TraQPayments and when was it launched?

TraQPayments is TraQiQ's online payment solution launched on October 21, 2021, aimed at enhancing transaction experiences in Latin America.

How does TraQPayments benefit merchants?

TraQPayments allows merchants to integrate various payment methods into a centralized system, enabling efficient payment acceptance through smartphones.

What makes TraQPayments stand out in the market?

TraQPayments offers quick transaction processing, customizable solutions, and enhanced security features, making it competitive in the mobile payment space.

Is TraQPayments secure for users?

Yes, TraQPayments includes enhanced security features to ensure safe transactions for both vendors and customers.