• MediaNama, Wednesday, September 3, 2014 12:11 PM

Indian online marketplace Flipkart is phasing out its payment gateway business Payzippy, a little over a year after it launched it, MediaNama had learnt from reliable sources. In response to a query from MediaNama, Flipkart informed us that it has made a strategic investment in mobile payment company Ngpay (Jigrahak Mobility Solutions Pvt Ltd), and it is phasing out Payzippy. Payzippy’s website lists clients such as babyoye, Bluestone.com, Makemytrip, Travelyaari, Caratlane.com, Yepme, Zansaar, Lenskart and Yepme, and the company has said that nothing will change for customers, since the technology developed by the Payzippy team will continue to power payments for Flipkart.

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