Mswipe opens an app store, developers will now have access to 500,000 merchants

• Mumbai-based Mswipe has launched an app store called Money Store.
• The app store will have apps for merchants to help them digitize their businesses.
• The platform will have 200 apps.

Point-of-sale terminal startup Mswipe has launched an app store called Money Store which will house merchant-centric apps. This however is not restricted to payments, but will help digitize several other verticals of their businesses.

To bring these productivity apps on board, Mswipe partnered with app-makers like GoFrugal, Logic ERP, ePaisa, Logosoft, Adequare, Retailware, Intution, Clinicia and nGO. Software developers will be able to showcase their apps on the store, and get direct access to 500,000 merchants.

The app store which will have 200 apps, already has 100 apps available at the time of launch.

“Automation can be a game changer for SME merchants. The Money Store with its best-in-class productivity apps will substantially enhance the value of our products for our customers enabling them to increasingly use their POS terminals for activities like sales, purchases, inventory management, purchase of goods, etc besides accepting all types of payments,” said Manish Patel, Founder and CEO, Mswipe.

In April 2019, Mswipe raised $30 million in a series E round with plans to sign up 1.5 million merchants by 2019-20. Mumbai-based Mswipe had raked in ₹1.42 billion in revenue post demonetisation in the year 2016-17.

According to an RBI report from January 2019, the number of PoS terminals from banks alone went up by over 3.6 million in India.