[2015-08-21] ET: ePaisa enables bitcoin acceptance for its merchants

[polynesia]

ePaisa enables bitcoin acceptance for its merchants

http://economictimes.indiatimes.com/small-biz/startups/epaisa-enables-bitcoin-acceptance-for-its-merchants/articleshow/48584766.cms

Startup ePaisa which offers multi-lingual mobile-based applications for cash and card payments has launched a first-of-its-kind initiative enabling its merchant outlets to accept bitcoins as a mode of payment. The service will be available in around 500 outlets of epaisa in New Delhi, Mumbai, Pune, Surat and Ahmadabad.

"Around 35 thousand bitcoins have been traded in India last year, and there are around 50 thousand bitcoin users," says Siddharth Arora, cofounder and CEO of ePaisa, who added that ePaisa merchants have the option of converting their bitcoins into Indian rupees and transferring it into their account.

[skang]

So ePaisa is another payment processor.
How do they sell their bitcoins collected? Which exchange is enabling this for them?

[polynesia]

So ePaisa is another payment processor.
How do they sell their bitcoins collected? Which exchange is enabling this for them?

The article has quotes from Sathvik. It could be Unocoin.