30 Fastest Growing Companies in Asia 2019 30 Fastest Growing Companies in Asia 2019 | Page 36

Nearex –Making digital payments affordable and accessible
D
igital payment platforms have
eased cashless transactions,
and have been popular. These
platforms are capable of making
payments online as well as offline
mode. Cashless payments are the
way of the future and easier than
using cash in leisure facilities
and offices. Micro-payment is a
hugely exciting domain. There is
no greater satisfaction for those in
the technology space than building
products that its users like the most
and keep using it.
Nearex is a pioneer in defining the
industry; it is a rapidly growing
fintech company, providing a
breakthrough cashless payment
technology that’s revolutionizing
small payments across emerging
markets. Founded in 2012, by
professionals from the mobile and
fintech industry, the Nearex team’s
passion is to digitize small everyday
payments where cash continues to
dominate.
Primary Objective
To provide a breakthrough
cashless payment technology that’s
revolutionizing mass payments
across emerging markets.
Products and solutions
that are defining
the power of digital
payment
Leveraging the power of Xip
The Xip micropayment system
is designed to digitize everyday
low-value payments where cash
continues to dominate. Xip leverages
36
DECEMBER 2019
the power of contactless technology
to deliver a world-class end-to-end
solution comprising of terminals,
tags and the software.
Xip delivers powerful features based
on its robust building blocks which
include:
• NFC / QR / Audio Suitable
Payment Tech
• Affordable devices and a variety
of POS
• Multiple form factors and a
variety of TAGS
• Offline Transactions and Stored
Value Payments
• Faster Deployment
Pre-integrated APIs
On-Premises/Cloud Hosting
Xip Platform
Xip Platform is built to manage
an innovative range of terminals,
tags & transactions and deliver a
sophisticated solution that is highly
flexible, scalable and secure.
XipAPPs
XipAPPs allow the extension of
Xip Platform’s online and offline
capability to Android NFC phones
and Android-based NFC Terminals.
Xip Stored Value Payment
Solution
Xip Stored Value Payment Solution
is an offline payment system where
value is stored and managed on
the tags that customers carry. Such
systems are invaluable where
transaction speed is critical – like
in transports – or where network
connectivity is unreliable. Xip Stored
Value delivers a user experience to
customers that are as close to cash
as one can get, making it a great first
step for digital payments for users
who are only used to cash.
Xip Stored Value Key
Features:
A unique range of terminals
developed to support NFC, QR,
Audio and Biometric based
payments. Be it online or offline,
mass or niche market, they cover
all the use cases at a very affordable
cost as they are designed for scale &
flexibility. In addition to Xip Platform’s
common features, the Stored Value
also has a host of features to make it
a truly compelling payment system.
• icon Cash-based or online
loading of cards
• icon Anonymous or mobile-
linked cards
• icon Offline PIN, with a per
user-selectable limit
• icon Optional pre-integrated
wallet
An innovative range of NFC tags that
serve as a unique linked identifier
for both online and stored value
payments. Tags are available in
various form factors like a card,
sticker or modular wearables, to suit
the lifestyle of your consumers. Xip Contactless Payment Solution
was created to make electronic
payments as simple and easy to use
as cash, affordable enough to use
for the smallest merchant in any
country and powerful enough for
the most sophisticated merchants.
Xip Devices
XipTAG
Contactless Solution