Paynear mobile , a payment solutions provider , announced that as part of its $ 10 m Series A round funding , it has secured $ 2.5 billion from serial investor and software development expert Mitesh das , who will also join its board . With 4,000 active devices in 20 cities across India , Paynear ’s mobile point of sale ( mPOS ) service can now expand its offering to take advantage of the big potential of mobile payments in India .
Paynear Solutions, a payment solutions provider, announced that as part of its $10m Series A round funding, it has secured $2.5m from serial investor and software industry expert Mitesh Majithia, who will also join its board. With 4,000 active devices in 20 cities across India, Paynear’s mobile point of sale (mPOS) service can now expand its offering to take advantage of the big potential of mobile payments in India.