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. 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.
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.
Source: TraQiQ, Inc.