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1 Contestpayments.com – News Release

A Fresh Approach, A New Deal: Payment Gateway Solutions Arrive in India

ADDING A NEW DIMENSION TO E-COMMERCE

Payment gateway holds the key to smooth monetary transactions online. Payment gateway is certainly

the most essential part of e-commerce, which has itself become essential for all classes and categories

of businesses. In the present age of advanced technological know-how, maintaining a healthy and

competitive web presence is undeniably an indispensable facet of ‘being in the business; whereas a safe

and reliable payment gateway serves as an embodiment of the physical Point of Sale in the traditional

retail outlets. In actual practice payment gateway solutions are services that make or receive payments

for e-businesses and online retailers.

While e-commerce is making a rage all across the globe, India is not lagging far behind. It is estimated

that presently only around 8.4% of the Indian market is online, nonetheless it adds up to approximately

100 million users. Needless to say the numbers are increasing with great speed, which has already made

India the fourth largest online country in the world.

Contest Payment is the latest addition to the payment gateway service providers, which targets at

becoming the premier service provider offering next generation cloud and payment gateway solutions.

Based in Sector 16, Noida, India, the company aims to provide superior, quality and user friendly

services to merchants.

Contest Payment was in fact conceived with the idea of revolutionizing the entire scenario of online

payments in India. The underlying idea has been to build a forum that is not just better than the

competitor’s, but to build a niche for itself that is no less than the best. The dedicated team at Contest

Payment strives to provide merchants with greatest flexibility and ease

that they will experience nowhere else.

E-commerce payment processing solutions are the principal focus for

Contest Payment, which is offered through collaboration with PCI

compliant payment gateway. An e-commerce merchant account with

Contest Payment sanctions merchants to admit e-check, debit card and

credit card payments, straight from merchant’s website (in real time).

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2 Contestpayments.com – News Release

Security is undoubtedly one of the major concerns when it comes to e-payments, especially with cyber-

crime, hacking and online fraud increasing by the day. In fact the online frauds seem to have

incremented in direct proportion with the rising online business transaction. Provision of comprehensive

security for all its clients has been a top priority for Contest Payment, which is ensured through an

automated telephonic contact with the person involved in the online transaction. Good security

translates into greater profits, as potential profits are not lost due to frauds and unnecessary credit card

charge back service charges.

The unprecedented rise of e-commerce in India is literally imposing the need for e-payments, justifying

the emergence of payment gateway solution providers. Contest Payment is open to catering clients

from all over the world, but will specifically prove to be a boon for Indian merchants who are looking for

a reliable, secure and sustainable option at home. Contest Payment has already proven its worth with

an impressive number of satisfied merchants...