Zaakpay is a payments company based in New Delhi & Bangalore. Their aim is to solve the payment pain points for eCommerce in India. Their first product Webpay, a credit & debit card processing product has just released. In terms of product, they are still at the foundation level and their aspiration is to build a skyscraper.
The company was founded in 2010 by Bipin Singh and Upasana Taku
In april, the RBI announced that it would revoke MobiKwik’s license and that the payment provider would no longer be able to serve its customers.
As MobiKwik’s the white label arbiter behind Zaakpay, so they are also likely to cease operations.
Therefore we rate the company on Red