We help retailers in touching lives of consumers beyond transactions. Consumer connect makes sure that relevant offerings are sent to the consumers once they are engaged with the retail stores. Additionally, the office management solution helps the retailers create an online database which aids them in understanding the different customer categories and effectively targeting these for revenue optimization. Rise Retail also caters to the basic office management need of such retailers like basic invoicing. Further, the company’s revenue enhancer solution offers many services like customer referral module, enquiry generator, and a utility bill payment system that increases the overall ROI for the retailers. Our solution is a One-Stop-Shop for small retailers. Our aim is to reduce loss of customers at these outlets and build an enhanced brand image to pull customers to the outlets. This change in the ecosystem will bring lot more smiles to customers, who will be the ultimate winner of our effort.

Rise Retail & Payment Solutions aim to disrupt the retail market by providing solutions that drive through various low-cost sales channels. This could be the first time that such solutions are being pushed into the market through an inexpensive sales channel. Our aim is to build a large network and leverage the same to create profitability for every stakeholder. In our phase 2, we would launch payments and consumer-based solutions that would let us hold more retailers on board. “Our solutions address the core issues of the retailers, and hence we can build a long-term relationship with our merchants which is quite imperative,” explains Ajay Prasad. The company is also in advanced stage discussions with various banks in the Asia Pacific region through its consumer engagement solution which further boosts their merchant acquisition strategy. This will be carved out as a separate business vertical where our business model would primarily revolve around our processing capability to help banks in APAC with their merchant acquisition strategy.

Like all successful companies, Rise Retail & Payment Solutions has a vision for innovation, growth, and expansion. The company is focused on horizontal growth which will help them expand their portfolio of solutions and services at the same time. This could be achieved by creating a distribution system which is a first ever in the retail sector. Though many companies struggle to balance scalability and profitability, Rise Retail & Payments Solutions aims to perfect this balance by first building a strong base and then bring in the products. Web-enabled products and solutions are the company’s next project which would let them connect all the consumers engaged with the retail stores. Further, the firm also looks at expanding its retail base drastically and enabling it with payment solutions.