What is Mopay? Mopay Review, Features

Mopay is an open and interoperable mobile payment infrastructure in India that helps the central bank monitor the financial health of mobile payment service providers.

About Mopay

Mopay is an open and interoperable mobile payment infrastructure in India that enables central banks to more effectively maintain their regulatory role in monitoring and controlling the mobile payment cycle. The real-time solution helps them oversee all mobile transactions and the financial stability of mobile payment service providers.

Mopay's Services

Open and interoperable mobile payment infrastructure: While enabling central banks to more effectively maintain their supervisory role in monitoring and controlling the mobile payment cycle, the real-time solution helps them oversee all mobile transactions and the financial stability of mobile payment service providers.

1. Central mobile payment switch

A real-time payment switch that helps process inter-bank and inter-processor mobile payment transactions, helps route messages between multiple payment service providers as per industry protocols and allows switching of financial and non-financial transactions on an STP basis.

2. Monitoring and control

Helps administrators monitor the operation of payment switches on a daily basis through extensive monitors and analytics.

3. Liquidation shares

A billing subsystem that helps collect per-transaction or subscription fees from participating mobile payment processors.

4. Settlement Integration

Help manage virtual settlement accounts and help settle payments between participating banks by integrating with the central bank's settlement system.