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Toucan Payments

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Company Research Report: Toucan



Company Overview



  • Name: Toucan

  • Mission: Toucan aims to design and deliver innovative financial solutions, leveraging advanced technology to empower consumers and businesses with secure, user-friendly, and affordable financial products that can enhance their economic lives.

  • Founded: 2019

  • Founders: A group of accomplished entrepreneurs and seasoned veterans of the payments industry.

  • Key People: No information is available.

  • Headquarters: Hyderabad, Telangana, India.

  • Number of Employees: Approximately 150+

  • Revenue: No information is available.

  • Known For: Toucan is known for its next-generation end-to-end payment platform that integrates payments, data, and financial management. It offers a comprehensive merchant acquiring service, issuing platforms, and switching platforms.


Products



End-To-End Payment Platform


  • Description: Seamlessly integrates end-to-end payments, data, and financial management all in one platform.

  • Key Features:

  • High security and scalability

  • Insights and data analytics

  • High degree of customizability


Merchant Acquiring


  • Description: Tailored services for businesses to accept payments.

  • Key Features:

  • Seamless payment processing

  • Customizable merchant solutions


Issuing Platform


  • Description: Provides infrastructure for financial institutions to issue payment cards.

  • Key Features:

  • Secure card management


Switching Platform


  • Description: Facilitates transaction routing between different financial institutions.

  • Key Features:

  • Enhanced transaction processing capabilities

  • Multi-channel communication support


Other Solutions


  • Risk and Fraud Management: Enhances security and protects businesses with comprehensive risk management tools.

  • Intelligent Document Processing through OCR: Automates data extraction from scanned or photographic images.

  • Multi-Dimensional Clearing & Settlement: Optimizes financial operations with advanced clearing and settlement capabilities.


Recent Developments



  • New Products/Features:

  • Integration of Electronic Benefit Transfer (EBT) solutions across the USA.

  • Launch of Micro ATM solutions to drive financial inclusion.

  • Strategic advanced technology solution for NGOs and Self-Help Groups.

  • Intelligent document processing through OCR technology.


  • New Partnerships:

  • Collaboration with EDUQFIX to enhance merchant acquiring capabilities and processes.

  • Partnered with Bhagwanji.com to provide merchant acquiring and settlement services for religious tech transactions.

  • Shopeefix collaboration to offer end-to-end merchant solutions in the SaaS-based ecommerce domain.

  • Association with Cellpay in Nepal aiming at digital payments and financial inclusion.


Summary


Toucan has established itself as an innovative fintech company committed to transforming the global financial ecosystem by leveraging advanced technology. With a strong presence in the payment processing industry, Toucan’s expansive suite of customisable and scalable financial solutions meets the diverse needs of their global clientele. Headquartered in Hyderabad, India, the company continues to expand its footprint through key partnerships and product innovations designed to address the evolving needs of consumers and businesses in the financial space.