J.P. Morgan Invests in Indian Payment Solutions Provider In-Solutions Global

India-based In-Solutions Global (ISG), a payment solutions provider, has announced a strategic investment by J.P. Morgan.

Established in 2004, ISG supports 17 billion transactions for their clients annually via its proprietary GeniusTM Payments-as-a-Service (PaaS) platform, which provides stack and scalable capabilities that intend to simplify the payment collection process. J.P. Morgan comes on board as the first strategic investor in the company, with a view to unlock opportunities in payments offerings across Asia Pacific (APAC).

Through this partnership, J.P. Morgan wants to accelerate the ability to capture additional payment methods in APAC, a region that accounts for the company's largest retail ecommerce sales globally. The bank recently announced it was expanding its merchant acquiring capabilities in APAC and will be live in seven markets by the end of the year.

ISG's PaaS platform intends to be secure, scalable and, easy to integrate. It can offer connectivity with various payment methods, on-time settlements, and quick reconciliation. As company representants said, ISG has been a trusted partner to banks in India for the past two decades and the strategic partnership with J.P. Morgan is showcasing their capabilities and potential to create products for global markets.

(Source: The Paypers)