Global Payment Gateway Lyra Network Completes 10 Years in India

NEW DELHI., October 4, 2018 /PRNewswire/ --

Lyra Network a global leader in securing payments in e-commerce and proximity, celebrated in the presence of the Consul General of France in Mumbai, Ms. Sonia Barbry, its 10-years of success in India.

Headquartered in France with 55.5 Million euros turnover and its worldwide presence and with over 10 billion successful payments till date and over 2.5 million POS terminals, the company sees Indian market strategically with huge potential.

The vast demonetization plan launched in November 2016 has increased the use of bank cards across the country. This has led to more technological advances, with a strong appetite for new mobile uses. Liaisoning closely with the banking sector, in India Lyra works with various major banks across country. Beyond the recognition of its development growth in India, the company is committed to strengthen network and activities in the Indian market as well.

Aligned with Government's vision of digital India, the company contributes to several campaigns like UPI, Bharat QR Code, Aadhar, Bheem etc. Its e-payment gateway, 'Payzen' launched earlier this year; also adds to this initiative and is now being widely used by e-Merchants across the country. Large number of e-Merchants have relied heavily on Lyra's Merchant Plug In (MPI) services in India.

"Lyra India has been progressive and dynamic throughout this past decade and we look forward to more eventful and fruitful decades to come," says Christophe Mariette, Chairman of Lyra India and Associate Director of Lyra Group.

"Lyra will continue to play a leading role in the Government's digitization initiative in the future as it had been doing in the past. It has been an eventful decade for us and with every step forward, we are ensuring that we maintain the repute of being the leading payment solutions company. In the coming days of innovation, we strive to maintain dedication, best technology, best customer service, and above all, huge investments in terms of time, efforts and money," says Rajesh Desai CEO and Director Lyra India about their future plans and growth in India.

Commenting on the Supreme Court's recent judgement on Aadhar Cards, he adds, "There will be various factors that will come into play and will affect the organizations in getting information about the creditworthiness of the customers. We expect the efficiency to go down initially given the fact that we need to affect the required changes promptly. As the reach to the rural areas has always been a daunting task, with this change it will be even more challenging for the customer base to get themselves authenticated. This will all be dealt with the reworking and restructuring of the entire process eventually."

About Lyra: 

Founded in 2001 by Alain Lacour, Lyra secures e-commerce and proximity payments and develops value-added services to manage transactions and POS equipment on a daily basis. Based in Toulouse, Lyra is present internationally with 10 subsidiaries (India, Brazil, Germany, Spain, Colombia, Argentine, Mexico, Peru, Chile, Algerie).

Lyra's key figures:

Over 10 billion payments secured and transmitted

Over 50,000 e-merchants

Over 3,000,000 payment terminals

Lyra's services are certified PCI DSS, Visa Merchant Agent and approved by GIE Cartes Bancaires.

For further information visit: http://www.lyra.com

About Business France: 

Business France is the national agency supporting the international development of the French economy, responsible for fostering export growth by French businesses, as well as promoting and facilitating international investment in France. It promotes France's companies, business image and nationwide attractiveness as an investment location, and runs the V.I.E international internship program. Business France has 1,500 personnel, both in France and in 70 countries throughout the world, who work with a network of public- and private-sector partners. For further information, please visit: http://www.businessfrance.fr and youbuyfrance.com.in.

Media Contact:
Ms. Purva Marwaha
[email protected]
01143196306
Trader officer
Business France