Uvik Technologies

What Uvik Technologies does

Uvik Technologies is an enterprise SoftPOS (Software Point of Sale) platform company that transforms NFC-enabled Android smartphones into certified payment terminals, eliminating the need for dedicated payment hardware. The company operates as a subsidiary of publicly-listed Infibeam Avenues (NSE: INFIBEAM) and serves banks, NBFCs, fintechs, payment aggregators, and transit operators through a white-label SDK model distributed via a private Maven repository. Two core products anchor the business: CCAvenue TapPay for retail merchant acquiring accepting Visa, Mastercard, and RuPay contactless payments with PIN-on-Glass support, and Uvik UPoS Transit for NCMC fare collection — the latter holds the unique RuPay Terminal Specification V2.0 certification covering Transit Modes 91-94, positioning Uvik as the world's only transit-certified SoftPOS vendor.

The underlying platform consists of an Android-based MPOC SDK integrated via Intent-based calls, the IA-Unity backend hosted on GCP under PCI DSS scope, an HSM for cryptographic key management, and Google Play Integrity attestation. Uvik owns in-house L2 kernel development and certification across Visa, Mastercard, and RuPay, plus the complete PCI certification stack (MPOC, DSS, PIN, SSF-S3, SSF-SSLC). Notable technical features include offline store-and-forward architecture critical for transit and rural deployments, Tap-to-Onboard digital merchant activation, switch-agnostic integration supporting both REST and ISO 8583 patterns, and an optional Bluetooth/USB-C Card Reader Extension (PCI PTS SCRP 5.x) extending acceptance to non-NFC devices.

Uvik monetizes through three primary revenue streams: a recurring SaaS license of ₹35 per terminal per month, MDR (Merchant Discount Rate) sharing on processed transactions, and one-time integration/setup fees of ₹15 lakhs per partner deployment. The 6-8 week contract-to-go-live deployment timeline and proprietary certifications position the platform against India's ₹10K-40K hardware POS cost burden and the absence of certified NCMC alternatives for transit operators, creating a defensible opening in retail merchant acquiring and transit fare collection. Operations are based out of Bengaluru (development) and GIFT City, Gandhinagar (headquarters, co-located with Infibeam Avenues).

Name

Uvik Technologies

Legal name

Uvik Technologies Pvt Ltd

Website

https://uvik.in

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Uvik Technologies is a SoftPOS platform company, subsidiary of Infibeam Avenues, that white-labels PCI-certified payment SDKs to banks, fintechs, aggregators, and transit operators, offering the world's only RuPay Transit Spec V2.0 certified mobile payment acceptance.

Ownership category

akta.pro rank

Product category

Mobile Payments Software (SoftPOS)

NAICS

Computer Terminal and Other Computer Peripheral Equipment Manufacturing (334118)

SIC

Computer Peripheral Equipment, Nec (3577)

akta.pro primary industry

mPOS & SoftPOS (Tap-to-Phone) Solutions (FSAMADAB)

akta.pro secondary industries

In-Store Contactless & NFC Acceptance (Tap-to-Pay, EMV Contactless) (FSAMADAF), POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), Payment PIN Pads, Card Readers & NFC Contactless Devices (HDACAKAG)

Keywords

• SoftPOS platform
• Contactless payment SDK
• NCMC transit payments
• White-label payment solutions
• PCI certified mobile POS

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. SaaS Terminal License (Monthly): Recurring monthly license fee per terminal deployed. Partners pay a per-device/month fee to access the SoftPOS platform, SDK, backend infrastructure, certifications, and support. This is the primary recurring revenue stream.
2. MDR (Merchant Discount Rate) Sharing: Revenue is generated from the MDR (Merchant Discount Rate) charged on card transactions processed through the platform. Partners deploying SoftPOS to merchants earn MDR revenue share on every transaction. The platform supports multi-bank switch integration allowing partners to retain and optimize interchange rates.
3. One-Time Integration / Setup Fees: One-time setup and integration cost for white-label SDK deployment. Partners pay an upfront integration fee for sandbox access, technical onboarding, certification support, and production deployment assistance.
4. Merchant Subscription Reselling: Payment aggregators and resellers can resell the white-label SoftPOS platform under their own brand, charging merchant subscriptions and sharing MDR. SaaS revenue model for the channel layer.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Uvik Technologies provides a white-label SaaS-based enterprise SoftPOS (Software Point of Sale) platform that transforms NFC-enabled Android smartphones into PCI-certified contactless payment terminals. The platform comprises two core products — CCAvenue TapPay for retail merchant acquiring and Uvik UPoS Transit for NCMC-based fare collection — powered by an intent-based SDK and the IA-Unity backend. It is sold to banks, fintechs, payment aggregators, and transit operators under white-label OEM agreements.

Product overview

Uvik Technologies offers a white-label SaaS-based enterprise SoftPOS (Software Point of Sale) platform consisting of two core products: CCAvenue TapPay for retail merchant acquiring and Uvik UPoS Transit for NCMC-based transit fare collection. Both products are powered by a unified SDK and the IA-Unity backend. An optional Card Reader Extension extends acceptance to non-NFC devices. The platform is certified across the complete PCI security stack and operates on a white-label model enabling banks, fintechs, payment aggregators, and transit operators to deploy under their own brand.

Differentiator

Problem solved

Functional benefit

Brands

• CCAvenue TapPay: White-label SoftPOS SDK for retail merchant acquiring. Enables contactless payment acceptance on Android smartphones with Visa, Mastercard, and RuPay support, including PIN-on-Glass for chip cards.
• Uvik UPoS
• Uvik Card Reader Extension
• IA-Unity Backend
• UPort Dashboard

Products and services

• CCAvenue TapPay White-label SoftPOS SDK for retail merchant acquiring. Transforms NFC-enabled Android smartphones into contactless payment terminals accepting Visa, Mastercard, and RuPay contactless payments with PIN-on-Glass support for chip card fallback. Designed for banks, fintechs, and payment aggregators to deploy under their own brand.
• Uvik UPoS Transit World's first and only transit-certified SoftPOS platform for NCMC fare collection. Certified under RuPay Terminal Spec V2.0 for Transit Modes 91-94, enabling offline NCMC card acceptance on Android smartphones for metro, bus, and mobility operators. Includes NCMC balance update on Android with full card lifecycle management.
• Uvik Card Reader Extension Bluetooth/USB-C peripheral card reader extending EMV chip-and-PIN and contactless acceptance to non-NFC Android devices. PCI PTS SCRP 5.x certified with 3DES DUKPT encryption for secure PIN entry on high-value transactions. Provides 500+ transactions per battery charge.
• IA-Unity Backend GCP-hosted (PCI DSS scoped) application server providing attestation, monitoring, cryptographic key management, merchant onboarding, switch integration (REST API and ISO 8583 H2H), reconciliation via SFTP, and a dashboard with analytics and audit trails for the SoftPOS platform.

Quantifiable outcome

• ₹20–40 Crore CAPEX saved on 10,000 merchants (₹10K–₹40K per terminal eliminated)
• +7 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature8 records

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Mypinpad: UK-based SoftPOS and PIN-on-Glass provider offering white-label SDKs for merchants and acquirers. Directly comparable to Uvik's CCAvenue TapPay product in functionality and target customer base.
• Phos (Ingenico): Direct SoftPOS competitor from Ingenico (Worldline), offering tap-to-phone payment acceptance on Android devices. Comparable because both target banks, acquirers, and enterprises with white-label SoftPOS SDKs for contactless payment acceptance.

Broad incumbents

• PAX Global: Major POS terminal hardware manufacturer expanding into integrated payment software. Named as a Uvik partner for embedded transit devices, making it both a partner and a broad incumbent competitor in payment acceptance.
• Pine Labs: Major Indian POS terminal and merchant payment platform with extensive acquiring relationships. Broad incumbent with overlapping merchant acquiring capabilities, though primarily hardware-tied rather than softPOS-native.
• Verifone: Global POS terminal giant with established SoftPOS solutions and acquirer partnerships. Comparable as a broader incumbent with payment acceptance infrastructure targeting banks and large merchants.

Emerging players

• Razorpay: India's leading payment gateway and aggregator offering merchant payment solutions including POS. Targets the same fintech/aggregator and SME merchant segments that Uvik serves through its white-label SDK.
• PhonePe PoS: India's largest UPI app now expanding into merchant payment acceptance including SoftPOS-like features. Competes for the same Indian merchant acquiring wallet that Uvik's bank partners target.
• Paytm POS: India's largest payment aggregator with expanding SoftPOS and QR-based merchant acceptance. Competes with Uvik's CCAvenue TapPay for merchant acquiring in the Indian market through Paytm's distribution scale.

Others

• Sunmi: Chinese Android POS hardware OEM named as a Uvik partner for embedded transit devices. Adjacent enabling partner rather than direct competitor, but its hardware+software bundles could substitute for SoftPOS in some merchant scenarios.
• CCavenue (Infibeam Avenues): Parent company Infibeam Avenues' flagship payment gateway, sharing IA-Unity backend infrastructure with Uvik. Sister product under the same corporate umbrella, providing acquiring relationships and infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/uvik
• Facebookfacebook.com/uviktech

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Uvik Technologies