Online payment processing provider Allied Wallet announced on Monday its new plans to bring blockchain technology to India’s e-commerce market. Allied Wallet reported that it and its Founder Andy Khawaja have supported India’s e-commerce growth for many years and now aim to bring their e-commerce businesses and users state-of-the-art blockchain technology. Khawaja stated:
“As e-commerce sees incredible growth in India, we want to give their businesses and users the best technology to improve payments and also protect them. Blockchain technology encrypts transactions and protects all parties involved. It’s faster, it has more capabilities, and we’re proud of our new innovations.”
Allied Wallet further claimed that India hosts the second largest internet user base in the world just behind China. Khawaja explained:
“As India becomes even more accustomed to shopping online, we want to support their digital payments and protect them. Blockchain technology is one way in which we plan to do so.”
Founded in 2002, Allied Wallet claims to be a global leader in online credit card processing/payment processing, multi-currency merchant services, digital eWallet solutions, software development, and a provider of a PCI Level 1 payment gateway.
“Allied Wallet continues to revolutionize the e-commerce industry by introducing new and innovative payment processing solutions for online merchants, enabling them to send and receive international payments. With PCI compliant merchant services for nearly any business size, Allied Wallet provides a state-of-the-art payment gateway to optimize online transactions for any company.”