e-commerce
OMA’s MobiSwipe to deploy 50k MasterCard-preferred & Visa-ready mPoS devices in ’17
MUMBAI: In line with the government’s vision of Digital India and complemented with the RBI’s policies advocating non-cash transactions, MobiSwipe has announced that it will be deploying over 50,000 mPoS devices within the next three quarters of 2017.
MobiSwipe is a part of the solutions offered by OMA Emirates and is currently being used by merchants across metros like Mumbai, Pune, Bengaluru, Chennai as well as other cities like Coimbatore, Cuddapah, Sriviliputhur etc.
The mPoS solution enables merchants to accept payments through Swipe and Chip debit and credit cards on the go via a smartphone or tablet loaded with the MobiSwipe app connected to the pocket sized card reader.
While metros and Tier 1 cities have been steadily moving towards transacting minus cash, MobiSwipe is focused on Tier 2, Tier 3 and other smaller cities that are yet getting familiar with the concept. With nearly 1000 terminals already in operation, the company’s next target is the retail and e-commerce sector followed by financial institutions, banks, etc.
OMA Emirates Group CEO Niranj Sangal said, “We see India as a huge opportunity for growth. We are strong advocators for digital payments. Demonetisation was a learning curve for all to understand how payments worked and urged consumers to look beyond cash payments.”
“Avenues have opened for non-cash payments and today, there is more than just a handful of solutions available be it wallets, PoS, mPoS, internet banking, or Government initiatives like UPI and BHIM. We have already received a demand for around 20,000+ MobiSwipe mPoS devices over the last few months of commencing operations and are hopeful of supplying these within the following two months. Simultaneously, there is a demand for PoS devices as well, indicating that India is ready and has progressed to accept non-cash payments as a better alternative. We aim to set up at least 1,00,000 of our PoS terminals by year end,” said Sangal.
He further added, “A section of merchants have already progressed to using mPoS devices from regular PoS due to convenience, cost and mobility. In smaller cities we understand that there is lack of knowledge about operations and costs. We are hoping to bring about a change in this outlook and are attempting to reduce the costs associated with such transactions while simplifying operations and processes making it a favourable choice for all. We attempt to create an eco-system where merchants can benefit and all parties are able to profit from the system.”
The sign-up procedure for MobiSwipe is simple and requires a merchant to submit KYC and the merchant agreement form. After the necessary documentation, mPoS is handed over to the merchant. A merchant can link his existing current account with MobiSwipe and does not need to open a new account as a part of the on-boarding process. Real-time transactions are enabled and funds get transferred to the merchants account on a daily basis. MobiSwipe is available at a highly competitive price point with flexible payment options. It comes along with an Ingenico mPoS device which is PCI-DSS and PA-DSS Certified and is MasterCard preferred mPOS and Visa Ready Partner. MobiSwipe promotes paperless transactions, is a cost-effective solution as compared to PoS and is accessible via most Android smartphones. The custom web portal allows merchants to keep a record of the history, reports and other tools.
e-commerce
Flipkart rolls out 105 per cent bonus for 20,000 employees
Strong FY25 performance drives payouts even as layoffs and shifts unfold.
MUMBAI: In a year where belts were tightened and rewards loosened, Flipkart seems to be playing both offence and defence trimming roles on one hand while handing out a generous 105 per cent bonus on the other. The Walmart owned e commerce major has rolled out a 105 per cent bonus payout for 2025, covering nearly 20,000 employees, signalling a year of steady operational momentum even as the company navigates restructuring pressures. The payout, communicated internally by chief human resources officer Seema Nair, is tied to performance across key metrics including growth, operational efficiency, financial outcomes and people indicators, a combination that suggests the company is inching closer to its long stated goal of sustainable profitability.
Employees at SD level and below are set to receive their bonuses in March, while payouts for senior leadership, including vice presidents and senior vice presidents, will follow after the close of the performance cycle. The elevated 105 per cent multiplier stands out in a sector where cautious payouts have increasingly become the norm, pointing to what appears to be a relatively strong internal scorecard for FY25.
Yet, the announcement arrives with a noticeable contrast. Earlier this year, Flipkart reduced its workforce by around 300 roles as part of its annual performance review process. While officially framed as performance driven, the juxtaposition of layoffs alongside above target bonuses reflects a more nuanced balancing act, one that prioritises cost discipline while continuing to reward and retain high performing talent.
This dual approach is becoming increasingly common across the technology and e commerce landscape, where companies are navigating an uneven hiring environment while under pressure to deliver profitability. Rewarding top contributors, even amid selective workforce reductions, allows firms to maintain morale and retain critical talent without losing sight of financial prudence.
At the same time, Flipkart is also undergoing leadership shifts that hint at a broader strategic recalibration. Nishant Verman has been appointed senior vice president for corporate development and partnerships, while group chief financial officer Sriram Venkataraman is set to step down. Ravi Iyer will take on expanded responsibilities within the finance function, marking a reshuffle at the top as the company gears up for its next phase.
These changes come amid reports that Flipkart is planning to shift its holding structure back to India, a move widely interpreted as groundwork for a potential public listing. While timelines remain fluid, the combination of stronger financial discipline, leadership restructuring and employee incentivisation suggests a company preparing itself for greater scrutiny and scale.
For employees, the 105 per cent payout offers a welcome boost in what has otherwise been a period of adjustment. For Flipkart, it is a signal that even as it cuts where necessary, it is willing to spend where it counts. In the high stakes game of growth versus profitability, the company appears to be hedging its bets carefully, rewarding performance while reshaping itself for what could be its most defining chapter yet.
