FocusOne Payment Solutions (FocusOne) signed a Memorandum of Understanding (MoU) with IMS Software Pvt Ltd to collaborate on allowing user to make payments through dynamic QR Codes generated by IMS Software.
Under the agreement, IMS will integrate MOCO-Digital Wallet with IMS’s Consumer Software, which will let the wallet to identify and scan the QR code presented by IMS, according to a press release issued by the company on Wednesday. “These joint efforts will improve the user experience and empower them to perform cashless and card-less transaction.”
IMS Software has been involved in developing software solutions that help fulfill the demand of both local and international markets, it states, adding that the company provides high performance software to businesses that helps them to adapt to technology and innovation without interfering with normal operations.
“This is our seventh collaboration with Digital Payment Solutions and it takes a step closer towards our mission of digitizing the payment and making transactions using only the software,” says Santosh Tamrakar, Managing Director, IMS Software. “This partnership will bridge the digital payment gap between Seller & Buyer”
“We are very excited to collaborate with IMS,” says FocusOne CEO Pranaya Rajbhandari. “This partnership is one of the effort to attain our vision of empowering all the cardholders and enhancing them to initiate digital payments at ease,”
The collaboration between IMS software and MOCO-Digital Wallet will act as a step towards revolutionizing Digital Nepal by promoting card-less transactions, the press release added.