About Us

ABOUT US

Mpurse Services Pvt. Ltd,known as ‘Mpurse’, founded in 2012, is located in Gurgaon, India. In June 2014, it received its PPI (Semi-Closed Prepaid Payment Instruments) license from RBI. Leveraging the digital push in the country, which has seen deeper penetration of internet and data services, seeing the high rate of adoption by the millennium generation, Mpurse endeavors to make available an all-encompassing bouquet of financial services to the people residing in rural and urban India, alike.

Currently, Mpurse, provided services include mobile recharge, DTH Recharges and bill/utility payments and domestic money transfer service (remittance) for individual customers through its Mpurse wallet app. Its platform also supports businesses such as, disbursement and collection for digital lending, e-commerce, supply chain financing and live steaming through different payment infrastructures, covering UPI, e-wallet, IMPS, NEFT, debit cards, and credit cards.
Committed to its customers, the company is adopting the latest offerings from the world of technology such as AI, to make its products efficient and convenient to use.
Artificial Intelligent (AI) is critical to drive financial innovation, Mpurse has taken initiatives to implant AI element for a spectrum of services,
  • Customer Support: AI supported Chatbots are used to provide customers with instant information of their balances and transaction records.
  • Compliance & Fraud Detection: to detect fraudulent and abnormal financial behavior, and/or using AI to improve general regulatory compliance reporting and workflows.
  • Credit Scoring / Direct Lending: for risk assessments and to determine the creditworthiness of those who do not have a (traditional) credit history.
  • Risk control: risk control system to maintain system security. The system could provide comprehensive risk management, monitor all key nodes in real time, and can make real-time decision to deal with risks.
  • Business Intelligence: Enabling seamless access to multi-dimensional data and then AI modeling, the system can achieve business intelligence including data decision, intelligent recommendation, precision marketing, data monitoring etc.
Mpurse is committed to providing a solution, which is robust and secure. Its security features include AES, 3DES, SHA1, MD5, RSA. The platform has passed penetration testing and is OWASP and CISA certified.
Mpurse's senior management come with a background from banking and financial sector, and has abundant experience to set up and operate an electronic payment platform.