FrenzoPay

What is FrenzoPay

FrenzoPay is a digital payment and verification solutions provider based in India, designed for merchants and businesses of all sizes. Operated by Digidios Payments Services Private Limited with headquarters in Noida, Uttar Pradesh, the platform offers a complete suite of financial technology services. Its main purpose is to simplify transactions and business operations. FrenzoPay provides tools for accepting payments through various methods like UPI and AEPS (Aadhaar Enabled Payment System), processing bill payments via BBPS, and managing bulk payouts to vendors or employees. Additionally, it features a robust verification service, FrenzoVerify, which helps businesses confirm customer identities instantly using documents like PAN, Aadhaar, and GST numbers, reducing fraud and ensuring compliance.

FrenzoPay Features

FrenzoPay offers a wide range of features to support business transactions and security.

• Frenzo Payouts: Enables businesses to send money to bank accounts, UPI IDs, or wallets. This is useful for salary payments, vendor settlements, and customer refunds.
• Aadhaar Enabled Payment System (AEPS): Allows merchants to offer basic banking services like cash withdrawal and balance inquiry using a customer's Aadhaar number and fingerprint.
• Bill Payments (BBPS): An integrated platform for customers to pay utility bills, including electricity, water, gas, and mobile recharges, directly through the merchant's portal.
• m-ATM: A portable device that functions as a mini ATM, allowing merchants to process card payments and facilitate cash withdrawals for customers in areas with limited banking access.
• Domestic Money Transfer: A secure service for sending and receiving funds across India, making it easy for businesses to manage their cash flow.
• FrenzoVerify: An instant digital verification suite to confirm customer identity. It supports verification for PAN, Aadhaar, Bank Accounts, GST, Passport, Driving License, and Company CIN.
• Easy API Integration: Provides powerful and simple-to-integrate APIs, allowing businesses to connect their existing websites or applications to FrenzoPay's services with minimal technical effort.
• Customizable and Scalable Technology: The platform is built to grow with a business, offering customizable solutions that can handle an increasing volume of transactions.

FrenzoPay Pricing Plans

FrenzoPay typically offers a customized pricing structure based on the specific needs and transaction volume of a business. The pricing is not publicly listed and requires contacting their sales team for a quote. The plans are generally structured to cater to different business sizes.

• Standard Plan: Suited for startups and small to medium-sized businesses. This plan usually includes access to core payment services like UPI, payouts, and basic verification APIs with standard transaction rates.
• Enterprise Plan: Designed for large corporations with high transaction volumes. This plan offers custom pricing, a dedicated account manager, access to the full suite of verification and payment products, and premium customer support.

FrenzoPay Free Plan

FrenzoPay does not offer a standard free plan for its transaction services. As a B2B fintech provider, its services are transaction-based. However, businesses interested in the platform can request a demo to see the products in action. For specific trial periods or sandbox access to test the APIs, it is best to contact the FrenzoPay sales or support team directly.

How to use FrenzoPay

Getting started with FrenzoPay involves a straightforward process for businesses.

1. Contact Sales: The first step is to visit the FrenzoPay website and fill out the contact form or reach out to their sales team to discuss your business requirements.
2. Complete Onboarding: You will need to submit necessary business documents for the Know Your Customer (KYC) process. The FrenzoPay team assists with this to ensure it is smooth and quick.
3. Integration: For online businesses, the next step is to integrate FrenzoPay's APIs into your website or application. Their developer documentation and support team can guide your technical team through this process.
4. Start Transacting: Once the account is active and integration is complete, you can start accepting payments, making payouts, or using the verification services through the merchant dashboard or your integrated system.

Pros and Cons of FrenzoPay

Pros:

• Comprehensive Service Suite: Offers a wide range of services, from payment processing to identity verification, all in one platform.
• Focus on Indian Market: Specializes in India-specific payment methods like UPI, AEPS, and BBPS, which is ideal for businesses operating in the country.
• Strong Security: Compliant with PCI-DSS and uses SSL encryption to ensure all transactions are secure.
• Scalable for Growth: The technology is designed to support businesses as they grow and their transaction volume increases.
• API-First Approach: Provides easy-to-integrate APIs for seamless connection with existing business software.

Cons:

• Limited International Scope: The services are primarily tailored for the Indian market and may not be suitable for businesses with a global customer base.
• Non-Transparent Pricing: Pricing details are not available on the website, requiring potential customers to contact sales for a quote.
• Requires Technical Integration: To use the full potential of the platform, API integration is necessary, which might be a challenge for non-technical business owners.

FrenzoPay integrations

FrenzoPay provides ready-to-use integrations and plug-ins to connect with various platforms. While a specific list is not publicly available, payment gateways like FrenzoPay typically offer integrations for:

• E-commerce Platforms: Such as Shopify, WooCommerce, Magento, and OpenCart to enable payment processing on online stores.
• Custom Websites and Applications: Through their robust API, businesses can build custom integrations into their proprietary systems.

For a complete list of available plug-ins and integration support, businesses should consult the developer documentation or contact the FrenzoPay support team.

FrenzoPay Alternatives

• Razorpay: A popular payment solutions provider in India offering a similar suite of products, including a payment gateway, payouts, and business banking services. Razorpay is known for its user-friendly interface and extensive documentation.
• PayU: A leading financial services provider offering payment gateway solutions to online businesses. It supports a wide range of payment methods and is known for its high transaction success rates.
• Cashfree Payments: Offers a full-stack payments and banking platform for businesses in India. It provides services like payment collections, payouts, and verification suites, similar to FrenzoPay, and is known for its fast settlement cycles.

FrenzoPay API

Yes, FrenzoPay provides a comprehensive set of APIs for developers to integrate its payment and verification services into their applications. To get started, developers need to create a merchant account with FrenzoPay. Once the account is approved, API keys (both for testing/sandbox and live environments) are made available in the merchant dashboard. The developer documentation provides all the necessary information, including endpoints, request parameters, and response formats.

Here is a generic cURL example of how an API call for a payout might look:

curl -X POST https://api.frenzopay.com/v1/payouts \
-H "Authorization: Bearer YOUR_SECRET_KEY" \
-H "Content-Type: application/json" \
-d '{
  "amount": 1000,
  "currency": "INR",
  "beneficiary": {
    "name": "John Doe",
    "account_number": "1234567890",
    "ifsc_code": "ABCD0001234"
  },
  "mode": "IMPS",
  "reference_id": "your_unique_ref_123"
}'

FrenzoPay Affiliate program

There is no publicly available information about a formal affiliate program offered by FrenzoPay. Businesses or individuals interested in partnership or referral opportunities are encouraged to contact the FrenzoPay business development team directly through their official website. They may offer custom partnership agreements for resellers, influencers, or business consultants who can refer new merchants to the platform.