Koa Tools India: Updates on Joint Venture

Koa Tools India Ltd. Is in process to Sign a Joint Venture with Accept Express PLC, UK and Accept Express Holdings, Inc. (USA) For Jointly working in the Indian Market for Starting Accept Express in India which will be Incorporated as an Subsidiary of Koa Tools India Ltd.
Koa Tools India Ltd. Will own 70% Stake in the Indian Company and 30% Stake will be owned by Accept Express PLC, UK & Accept Express Holdings, Inc. (USA)
This joint Venture will bring in Technology from Europe and the United States in terms of Merchant Acquiring Business and the USP of the Company will be to grow the Card Acquiring Business in India. The Company will launch its own Payment Gateway,Mobile POS Devices, IVRS Payment System, Mobile Payment App and several other products Including Prepaid Card Issuance. The Company will commence business operations after complying with the regulatory norms as prescribed by RBI. Accept Express will focus on the Digital India Initiative by the Prime Minister.