Mumbai, (Maharashtra), [India], November 09, 2024: In a pioneering collaboration, Atmoon Ventures has joined forces with Indian Bank to support emerging startups that lack dedicated platforms for collection and payout software. This partnership reflects Atmoon Ventures’ dedication to the vision of a Digital India, providing technical support and secure payment solutions tailored to meet the needs of new and growing businesses across the country.
Through this partnership, Atmoon Ventures will serve as a technology service provider, equipping startups with a seamless collection and payout infrastructure and removing the need for these businesses to create their own costly platforms. The Atmoon Ventures platform offers a range of payout services, including vendor payments, salary distributions, customer cashbacks, and refund transactions. These services are delivered through multiple secure payment methods like NEFT, RTGS, IMPS, UPI, and internal fund transfers.
As part of its support for the fintech and e-commerce sectors, Atmoon Ventures provides specialized collection and payout API services. These services allow businesses to streamline their payment flows, manage refunds and incentives, and enhance transaction efficiency across digital platforms. By catering to fintech and e-commerce needs, Atmoon Ventures enables businesses to operate with greater flexibility and control over their financial operations.
To ensure complete compliance and security, Atmoon Ventures employs a rigorous 25-step KYC process to onboard each merchant for collection and payout services. This thorough onboarding process verifies identity, business legitimacy, and transactional history, helping to build trust and prevent fraud. This KYC process ensures that only verified and reliable merchants can access Atmoon Ventures’ advanced financial services.
This collaboration between Atmoon Ventures and Indian Bank highlights the mutual commitment to fostering a digital ecosystem for startups in India. By providing startups with the tools they need for efficient, reliable financial management, Atmoon Ventures and Indian Bank are jointly advancing the Digital India initiative, empowering new businesses to thrive in a digitally-driven economy.
This revision underscores Atmoon Ventures’ role in supporting fintech and e-commerce startups through tailored collection and payout solutions.