About Us

ABOUT US

mpurse was established in 2012 by promoter group with a strong background of telecom and technology business. The idea was to leverage the potential of using a mobile phone, for more than merely texting or making a phone call. The natural progression was to link banks, utility billers and mobile operators, thereby empowering consumers to manage their finances, make payments, or remit money directly from their mobile, anytime, anywhere.

mpurse's senior management has deep rooted knowledge in the field of banking, financial inclusion and payments and have successfully led other companies in setting up their technology platform and operation network. Driven by a passion to deliver an innovative and cost efficient end-to-end solution, and a vision to make money totally mobile across India, the technology platform has been developed in-house thereby, not only reducing external dependency but also resulting in optimization of desired functionality, efficacy and cost effectiveness.
Developed with an objective to eliminate the hassle of carrying a physical wallet by its customers, mpurse is a highly secure solution, embedded with high security features viz., ISO 8583, IFX standard, 3DES, SHA1, MD5, RSA. The platform is CISA certified and OWASP compliant.
Customer can store currency, debit / credit cards, gift vouchers, loyalty cards, discount vouchers and manage them electronically. While one may load value in their wallet electronically, for non-carded / non-bank account customers, mpurse has a strong physical presence of agents, whom one may approach to load value using cash. For consumption avenues, mpurse is already integrated with the eco-system viz. banks, merchants, billers and clearing houses, etc.
Presently, mpurse provide services like mobile recharge, DTH Recharges and bill / utility payments and domestic money transfer service (remittance).