•  Nirmal Savjibhai Patel,   Managing Director

    Nirmal Savjibhai Patel, Managing Director

  • Post the demonetization in November 2016, the mobile wallet in India got a new lease of life. On the other hand, the internet revolution that the launch of Jio introduced in the country added fire to the wings, giving people access to cheap but quality internet services even in the rural areas. This is why Statistica predicts that India’s mobile wallet market is projected to reach Rs.1.5 trillion by 2022. Spearheading from the front and making its mark in this growing market is the Desi born MasterPay, a product of Champion Software Technologies Limited (a Rajkot based ISO 9001:2015 certified one stop tech and IT solution provider). The company is one of the fastest growing online recharge B2B portals that provides bucket of services in a single wallet. CEO Insights interacts with Jigna Patel, CFO & Director, Champion Software Technologies Ltd. to know more about the company and its offerings.

  • Masterpay: More Services  in a Single Wallet

The B2B Payments Growth Marathon

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TOP 10 B2B Payments Services Providers - 2020

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  • TOP 10 B2B Payments Services Providers - 2020

    Since ages, people and organizations interchangeably have relied on diverse payment systems for the purchase of goods and services. Among gazillion of innovations with the desire for convenience, payment system also moved away from the bartering system to the present day. Where businesses didn’t have much options for paying or getting paid, they have numerous options laid ahead now. The payments industry is constantly transforming through digitization and is growing, and the cloud technology is accelerating & helping encounter the challenges incurred across the channels. FinTech companies are glutting the market, intentionally to refurbish the former financial industry by emphasizing on the increased accessibility to all things digital. Boosting the customer expectations and intensifying competition globally, the propelling technological and operational innovation in the sector has opened doors for consumers. In fact, the demonetization prevalence in the year 2016 too had intrigued the proliferation of several payment platforms in the B2B industry. However, with increased competition comes increased innovation, and as more fintech companies create newer, faster and more accessible means to financing, the nature of client demand is also shifting. In the present time, how one processes B2B payments significantly matters. To thrive in the evolving competition and survive the trend, B2B payments services providers need to promulgate a fast, reliable method with consistent effort for collecting payments for services rendered. According to a report by investment banking firm Credit Suisse, India’s digital payments market aggregate less than $200 billion; however, the size is likely to expand to $1 trillion by FY23 due to increasing mobile payments. Cognizance of the intricacies of the B2B payments process and the solutions that can help ensure that one or the other party is never scuffling to derive the payments. Albeit, there are a gamut of B2B payments services providers out there like Minkspay, Masterpay, Paytm, PayU, Amazon Pay, and others; it is quite difficult to figure-out which one is the best fit for a business. Exploring the recent landscape of the B2B payments industry, CEO Insights encapsulates a directory listing ‘Top 10 B2B Payments Services Providers - 2020’, who provide exemplary services through a reliable platform with creative outlook, and anchor robust business-to-business relationship. Performing a diligent evaluation of the industry, CEO Insights Editorial Board along with expert panel of industry professionals has enlisted the front runners of the industry who have carved a reverent space for themselves by executing exceptional strategies with successful conceptualization and implementation of integrated ideas. The listing will assist our readers in selecting exemplary B2B payments services providers who will help in acknowledging the industry nuances and simplify the approach to such services.

TOP 10 B2B Payments Services Providers - 2020

Company Logo Company Management Company Name Company Description
IMwalleT Rashmita Nayak & Vinay Sharma, Directors IMwalleT India's fastest growing and reliable Telecom Aggregator offering a wide range of Recharge, Bill & Utility Payment services under one platform to retailers & distributors
India Transact Services Sunil Khosla, Head Digital Business - Retail, Ravi B. Goyal, Chairman & Managing Director India Transact Services Offers a full suite of digital payment services including value-added services, loyalty solutions, and applications under one umbrella
InstantPay India Shailendra Agarwal, CEO, Amol Sonbarse, Head - Business & Strategy,Ajay Upadhyay, Head - Operations & Risk InstantPay India India’s premium Neo Banking platform delivering full-stack banking services to individuals and businesses of all sizes along with having a large network of banking touch points called Digi Kendras delivering basic banking services to under banked India
MasterPay Nirmal Savjibhai Patel, Managing Director, Jigna Patel, CFO & Director MasterPay One of the fastest growing online recharge B2B portals that provide bucket of services in a single wallet
Minkspay Sanket Shendure, Co-Founder & CEO Minkspay A one-stop-shop that is transforming small retail stores into digital outlets by enabling seamless payments between retailers and their distributors through UPI as a platform
PayBingo Parveen Wadhwa, Founder PayBingo A B2B payment and financial service provider committed to provide services to its partners on a extended level
PayMate Ajay Adiseshann, Founder & CEO PayMate A leader in B2B payments for SMEs across supply chains, providing a comprehensive digital workflow tied to payments which enable transition from traditionally slow and costly forms of payments such as cash & cheques to realtime digital payments
PayU Nitin Gupta, Co-Founder PayU A fintech company that provides payment technology to online merchants, allowing online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications
PhonePe Sameer Nigam, Founder PhonePe An Indian e-Commerce payment system and digital wallet company providing a cashless and a seamless payment experience through its app
Razorpay Harshil Mathur,Co-Founder & CEO Razorpay One of the acknowledged payments solutions company in India which allows businesses to accept, process and disburse payments with its product suite providing access to all payment modes, including credit card, debit card, netbanking, UPI and popular wallets