Indian multinational Zoho corporation, founded by Sridhar Vembu and Tony Thomas, renowned for its SaaS offerings has now announced its foray into the fintech space with its latest offering Zoho Payments. “We’re thrilled to launch Zoho Payments—a unified payment solution for all businesses in India. The offering helps you accept and manage payments, refunds, and chargebacks, all in one place, directly from your business apps,” said the company on its official X handle.
The newest offering, according to the company, is a reliable solution designed to enhance the payment experience for businesses. With Zoho Payments, companies can effortlessly collect payments through a variety of options, including cards, UPI, and over 35 net banking choices, adds the company. The platform simplifies the payment cycle by offering seamless dispute management, robust security, and advanced fraud management, ensuring that businesses can accept payments with confidence and ease.
More About Zoho Payments
Shridhar Vembu, CEO, Zoho said: “We have launched Zoho Payments in India for business to business payments. Our finance suite of products is growing in depth and breadth. A lot of that suite is built from Madurai and Kumbakonam now, and we are growing in both locations.”
- The company claims that the following are some of the advantages of turning to its latest payments offering
- Unified experience right from onboarding to support, which helps organisations avoid talking to multiple disconnected teams about payments or disputes.
- Getting paid online is as easy as creating an account. After a quick verification process, organisations can start receiving payments instantly.
- Disputes can be managed proactively with Zoho Payments.
- With Zoho Payments, organisations can get the settlement into their accounts on a daily basis and get notified.
In addition to the benefits mentioned, Zoho Payments offers “a straightforward, no-nonsense checkout widget that allows organizations to collect necessary payment information from customers without clutter. The platform gives customers the flexibility to pay through various channels, helping to increase authorization rates. Whether through invoice emails, payment links, payment pages, or the client portal, Zoho Payments provides options that cater to the preferences of each client,” adds the company.
About Zoho
Zoho, headquartered in Chennai, India, has expanded its global presence significantly. As of 2021, the company operates 12 offices across nine countries, including locations in China, Singapore, and Japan. The majority of its support operations are managed from its Chennai office. Additionally, Zoho has been operating an office in Renigunta, Andhra Pradesh, since 2018. The company’s research and development efforts are based at its campus in Estancia IT Park, Chennai. In 2011, Zoho established an office in Tenkasi, where it developed and launched Zoho Desk. In 2023, Zoho further expanded its R&D capabilities by opening Zoho Labs in Nagpur, India, focusing on developing data center hardware.
