Paycraft Solutions Pvt. Ltd.

Paycraft Solutions Pvt. Ltd. is an Indian payments company specializing in offline payments for transit, toll, fuel, and smart cities. Since its establishment in 2013, the company has excelled in developing open loop payment products, such as debit and prepaid platforms, automatic fare collection systems, and instant issuance. Additionally, Paycraft is recognized as one of the thirteen official Token Service Providers globally for VISA. The company's commitment to disrupting transit in India through adherence to open loop payment standards not only enhances passenger convenience but also drives cost reduction and revenue growth for all involved stakeholders. Paycraft has already made significant strides in this ambition, currently operating in Kochi, Bengaluru, Ahmedabad, and Surat, with plans to expand to around ten more public transport operators. Through these initiatives, Paycraft handles millions of commute transactions in India. Uniting banks, global consulting companies, transit operators, payment processors, card and device manufacturers, and many others, Paycraft is positioned as a preferred partner for open loop card and payment solutions. Notably, the company specializes in host card emulation (HCE), card applet development, and terminal kernel solutions, marking its commitment to innovation and comprehensive payment solutions within the industry.